FIU Latvia will cooperate with FCMC in a project to improve employee knowledge in combating money laundering

The aim of the project is to improve the skills and knowledge of employees and to strengthen the capacity of institutions responsible for monitoring financial institutions and conducting financial intelligence and investigations.

The partnership agreement is a step in the project implementation process. It determines the rights and obligations of the parties during the implementation of the project and in achieving the common objective. This will not only facilitate cooperation between the two institutions, but also improve overall efforts to combat financial crime in the areas of responsibility of each institution.

The project focuses on strengthening the capacity of FIU and FCMC experts as well as representatives of law enforcement authorities. Improving the knowledge, skills and understanding of the employees will improve their capacity to detect and combat money laundering at a national level.

The activities envisaged in the project include training, workshops and exchange visits to other supervisory authorities in the European Union. The implementation of the project will respect the principle of sustainability: the knowledge acquired during it will be transferred to the online training platform and passed on through experience sharing between institutions and staff. Methodological and analytical materials on learning topics will also be prepared.