International cooperation in the fight against financial crime

Egmont Group provides additional value in the form of maintaining and encouraging international cooperation between FIUs, as almost no money laundering operation today is carried out in just one jurisdiction.

Egmont Group’s international cooperation network allows authorities to exchange information with FIUs across the globe at record speed. This is also important for investigating financial crimes in Latvia, as the overwhelming majority of money laundering cases are global.

To become a member of the Egmont Group, FIU Latvia has complied with certain requirements in terms of the legal framework, demonstrated autonomy in its operation, and the ability to protect the confidentiality of data and information.

More information on the international financial intelligence cooperation network and its contribution to the successful operation of FIU Latvia in the publication (in Latvian) https://lvportals.lv/norises/349716-starptautiska-sadarbiba-finansu-noziegumu-noversana-2023.