Latvian Government Looks To Repair Reputation With AML Overhaul

Legal experts believe there are already signs of progress in Latvia’s attempts to tackle money laundering and terrorist financing, after the government responded to damning criticism with a “comprehensive” action plan.

The country was rocked in July when the influential Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, more commonly known as MONEYVAL, published its assessment of the country’s approach to financial crime.

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