RIGA - Regulations on the prevention of financial crime could be eased for banks, as representatives from state institutions and the Finance Latvia Association agreed during a meeting of Saeima Economic Committee on Wednesday.
Previously, representatives of different industries pointed out that Latvia's fight against money laundering was hampering not only banks' operations, but also businesses, for example, foreign companies were unable to open bank accounts in Latvia.
The committee's head Ralfs Nemiro (KPV LV) acknowledged that the current...
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