Organisational Chart
The operation of the Financial Intelligence Unit of Latvia is managed by its head, recommended by the Cabinet of Ministers and appointed every five years by the Parliament of Latvia.
The head of the Financial Intelligence Unit of Latvia is in charge of the Financial Intelligence Unit of Latvia performance of its functions; assigns the authority to review cases and take decisions; sets the positions of employees and officials; issues internal regulations; and, at least once a year, submits a report on the results of the activities of the Financial Intelligence Unit of Latvia during the previous calendar year, on any changes in its staffing policy and on its use of budget funding to the Cabinet of Ministers, the Parliament and the Financial Sector Development Board.
The head of the Financial Intelligence Unit of Latvia has three deputies.
The core functions of Financial Intelligence Unit of Latvia are carried out by its First Financial Intelligence Division, Second Financial Intelligence Division, Initial Analysis and International Cooperation Division, Strategic and Tactical Division and two advisers. The administrative functions are carried out by Finance and Compliance Director, Innovation and IT Division, Strategic Development and Communication Division, Legal and Compliance Division and HR Development Division. Hr Development Division, Internal Auditor and Finance and Compliance Director report directly to the Head of the Financial Intelligence Unit of Latvia.
Financial Intelligence Unit of Latvia as of 01.04.2024. becomes the competent institution in matters of implementation of international and national sanctions in Latvia, which will perform, among other things, the following functions:
- decide on the application of sanction exemptions;
- publish information on subjects of sanctions, who have frozen assets in Latvia and check whether the freezing was justified;
- make binding decisions on implementation of sanctions, if it is established that the person has not fulfilled sanctions;
- conduct trainings and provide information on the implementation of sanctions.
As of 01.01.2024. additional positions are allocated to the Financial Intelligence Unit of Latvia to ensure work on the creation of centralized system for the implementation of sanctions and would be able to fulfil the new functions from 01.04.2024. Functions regarding sanctions are carried out by Sanctions Legal Division and Sanctions Implementation Division.
Organisational Chart of the Financial Intelligence Unit of Latvia
