Implementation of Moneyval recommendations brings along extensive changes - Karins

RIGA -  Changes brought in Latvia while implementing recommendations of the Council of Europe Committee for the Prevention of Money Laundering and Terrorist Financing (Moneyval) are quite extensive, said Latvian Prime Minister Krisjanis Karins (New Unity) in an interview with the Latvian public television today.

"The changes we have introduced are quite extensive. We have not done it just for external reports or just to look good. We have done it for ourselves," said Karins.

He also said that all Moneyval recommendations have been introduced, but it is a question how the committee will assess it. "In our opinion, all problems have been addressed and solved. The matter now lies in the hands of the committee - what and how they will assess, will they view the dynamics or a photo of one day," said Karins.

He said that the Latvian delegation that has headed to the Moneyval plenary session this week is very competent and able to explain the performance.

As reported, Moneyval plenary session in Strassbourg this week will review Latvia's progress report on implementation of the recommendations. The official conclusion of experts could be released on December 6.