RIGA - During the state of emergency which had been declared in Latvia due to the Covid-19 pandemic, there was no inflow of undeclared cash into Latvia, Ilze Znotina, chief of the Financial Intelligence Unit (FIU) of Latvia, said today in an interview to Latvian Television.
The FIU chief indicated that large amounts of undeclared cash is smuggled into Latvia each year. According to the FIU's estimates, around EUR 400 million worth of cash is brought illegally into Latvia a year.
"When the borders were closed, suddenly it turne...
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