Financial Integrity Newsletter – August edition

The Financial Intelligence Unit (FIU) of Latvia has published the 10th edition of its Financial Integrity Newsletter (August 2025), providing timely insights into key developments in Latvia’s AML/CFT system and broader financial security landscape.

Financial Integrity Newsletter

IN THIS ISSUE

Latvia has become the first country worldwide to complete a mutual evaluation under the updated FATF standards. The issue features a foreword from the Minister of Finance Arvils Ašeradens and commentaries from Latvia's Prime Minister Evika Siliņa and Head of FIU Latvia Toms Platacis, outlining Latvia’s progress in building a transparent, risk-based, and internationally trusted financial system.

EU’s new AML legislative package explained

A detailed infographic and summary highlight the AML Regulation, the establishment of AMLA – the new EU authority in Frankfurt, and the responsibilities of EU Member States. The focus is on stricter controls, harmonised supervision, and improved cross-border data sharing.

Expert interview: Edgars Pastars on the AML Regulation

Insights from the Finance Latvia Association adviser and COBALT attorney on the regulation’s practical implications, expected benefits, legal terminology challenges, and what the public sector must do to support financial institutions through the transition.

Latvijas Banka’s financial crime prevention resources

A summary of useful materials – from AML licensing guidance to typology assessments – developed by Latvijas Banka to support AML implementation.

Iveta Locāne
Deputy Head
Strategic Development and Communication Division
Email: prese@fid.gov.lv