Financial Integrity Newsletter – MONEYVAL edition

In this issue

Latvia has successfully completed the MONEYVAL 6th Round Mutual Evaluation. The report confirms that Latvia maintains one of the most effective AML/CFT/CPF systems internationally.

A foreword by Toms Platacis, Vice-Chair of MONEYVAL and Head of FIU Latvia, outlines the significance of this milestone and emphasises the importance of maintaining a dynamic, risk-based and forward-looking system.

Expert interview: Nicola Muccioli

An in-depth interview with the Chair of MONEYVAL highlights Latvia’s coordinated approach, strong institutional cooperation and political commitment. The discussion also explores lessons learned and how Latvia’s experience can serve as a benchmark for other jurisdictions.

MONEYVAL evaluation results and next steps

The issue provides an overview of Latvia’s evaluation results, including effectiveness ratings across key areas such as financial intelligence, asset recovery, supervision, and international cooperation. It also explains the purpose of mutual evaluations and outlines the next phase – continued system development and follow-up reporting to MONEYVAL.

Conference “New Round: Link. Learn. Latvia.”

A review of the international conference held in Riga, which brought together over 300 experts from more than 50 countries to discuss the future of AML/CFT evaluations and practical implementation challenges.

Lessons from Latvia’s evaluation

A dedicated section outlines key strengths and best practices of Latvia’s AML/CFT/CPF system, including a strong risk-based approach, effective inter-institutional cooperation, and advanced financial intelligence capabilities. These insights position Latvia as a reference point for strengthening financial integrity globally.

On Thursday, 19 February 2026, the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism – MONEYVAL – published its report on the results of Latvia’s mutual evaluation.

This is the leading international assessment in the field of AML/CFT/CPF, conducting ongoing peer reviews of each member to assess levels of implementation of the FATF Standards, providing an in-depth description and analysis of each country’s system for preventing criminal abuse of the financial system. Mutual evaluation of Latvia assessed the effectiveness of the country’s AML/CFT/CPF measures, and their level of compliance with the FATF Standards, at the time of an on-site visit in November 2024.

The FATF (Financial Action Task Force) is an international organisation that sets and monitors standards for the prevention of money laundering, terrorism and proliferation financing (AML/CFT/CPF).

MONEYVAL (Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism) is a committee of experts of the Council of Europe that assesses member states against FATF standards and in accordance with FATF methodology. 

More information: https://fid.gov.lv/en/roles-and-responsibilities/moneyval-2

Media enquiries

Iveta Locāne
Head of the Communication Division
iveta.locane@fid.gov.lv
+371 26 273244