Latvian credit institutions will have to take relevant action every time the press reports about new money laundering cases, according to the Finance Ministry’s amendments to the Regulation on Unusual Transaction Indicator List and Procedure for Reporting Unusual and Suspicious Transactions, which the government’s committee approved Oct. 17.
The new requirement was originally planned to come into force on Jan. 1 next year, however, the government committee decided that the day the amendments come into force will be specified at a later date.
The Finan...
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