Latvia: Draft Amendments to the Law on Prevention of Money Laundering and Terrorist Financing

On April 3, 2019, the Saeima (parliament) introduced Draft Law no. 295/Lp 13 with the title “Amendments to the Law on Prevention of Money Laundering and Financing of Terrorism”, with the aim of aligning the national anti-money laundering and counter-terrorist financing (AML/CTF) framework with the provisions of the 5th Anti-Money Laundering Directive (5th AMLD).

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