On 22 January, MONEYVAL announced review of the ratings against FATF Recommendations originally adopted following the 2018 mutual evaluation of Lavia. It has re-rated the country on 10 Recommendations originally rated as “partially compliant” and 1 Recommendation originally rated as “largely compliant”. Latvia was placed in an enhanced follow-up process, following the adoption of its mutual evaluation report. A follow-up report analyses Latvia’s progress in addressing the technical compliance deficiencies identified in the mutual evaluation report – but does not address the effectiveness of the compliance systems. The follow-up report also looks at progress made in the implementation of new requirements relating to FATF Recommendations which have changed since Latvia’s mutual evaluation report was adopted. As a result, Latvia is now “compliant” on 7 of the 40 FATF Recommendations and “largely compliant” on 33 of them. Latvia will remain in enhanced follow-up and will continue to report back to MONEYVAL on further progress to strengthen its implementation of AML/CFT measures.