2025-06-27
FATF Report highlights major gaps in global response to Proliferation Financing and Sanctions Evasion
During the state of emergency, the Financial Intelligence Unit does not work less, and reporting entities maintain a high level of responsibility
23.04.2020 Finanšu izlūkošanas dienests
The Financial Intelligence Unit (the FIU Latvia) has not reduced its operational intensity during the state of emergency, as evidenced by its performance figures – both in terms of the amount of frozen funds and the number of orders issued and materials sent to law enforcement agencies.
On the other hand, the analysis of the received reports shows that the reporting entities have also managed to keep their responsibility levels high and as of the end of March there was no sharp decrease in the number of reports of suspicious transactions. On a positive note, the number of suspicious transaction reports submitted no later than three months after the transaction has increased during the state of emergency, allowing the competent authorities to react quickly to the potential offence.
The first guarter of the FIU Latvia.
2025-06-19
FATF: updated lists with jurisdictions under Increased Monitoring