2024-11-20
MONEYVAL 6th round evaluation visit to Latvia
Financial intelligence units step-up cooperation
04.11.2019
In the end of October, Financial Intelligence Units (FIU) from across the world met during the International Financial Intelligence Task Force (IFIT) conference organised in Riga by FIU Latvia. The conference in Riga was an unprecedented form of cooperation devoted to untangling international money laundering schemes, which contain unequivocal signs of provision of “professional money laundering” as a service.
“In today’s interconnected world efficient cooperation among partners to fight economic crime is more important than ever. Exchanging information, sharing data and intelligence is prerequisite to carry out complex analysis of financial transactions. I strongly believe that we need to constantly improve, adapt and invent new tools at our disposal to ensure that our financial systems are intolerant to any potential abuse”, says Ilze Znotiņa, Head of FIU Latvia.
The Egmont Group of FIUs actively supports initiatives fostering international cooperation and recognises that sharing of financial intelligence has become a cornerstone of international efforts to counter money laundering and terrorism financing.
2024-10-29
FATF has updated lists with jurisdictions under Increased Monitoring