The Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval) in the the fifth round of the evaluation of the Latvian Anti-Money Laundering and Terrorist Financing (AML/CTF) system concluded that Latvia is a subject to enhanced follow-up procedures.
Latvia is in enhanced follow-up because of the number of Low and Moderate ratings awarded for Effectiveness, Moneyval said.
Two areas were considered to have low levels of effectiveness – relevant beneficial ownership in...
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