Latvia plans on limiting cash transactions to 7,200 euros for individuals as part of a string of law amendments to Latvia’s 2017 budget, the Finance Ministry told the press on Tuesday, Sept. 20
Currently the same ceiling for cash transactions applies to businesses only. The amendments also stipulate that institutions subject to the country’s money laundering laws will have to report suspicious transactions to the State Revenue Service. A monitoring mechanism for these institutions would also be established under the amendments.
Another initiative in the package...
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