2024-11-20
MONEYVAL 6th round evaluation visit to Latvia
Youth inolvement in financial crimes in Latvia
16.07.2021
In 20% of cases suspicious transaction reports received by the Financial Intelligence Unit contain information on young people aged 14 to 30.
In 2020, criminal proceedings for money laundering were initiated for 116 activities of young people of that age. Another 50 criminal proceedings were initiated against young people for failure to provide information regarding the ownership of funds.
The infographic below explains the reasons why young people most often come under attention of law enforcement authorities and what might the be consequences for these activities.
2024-10-29
FATF has updated lists with jurisdictions under Increased Monitoring