Public-private partnership

One of the tasks of the Financial Intelligence Unit of Latvia is operating a private and public cooperation coordination group whose purpose is to coordinate the activities of official bodies conducting operational measures, investigation authorities, State Revenue Service, prosecutor’s office, reporting entities, and supervisory and controlling authorities. 

The meetings of the Cooperation Coordination Group may be convened at the initiative of the Financial Intelligence Unit of Latvia, or if at least one of the institutions involved in the activities of the Group proposes a meeting. If necessary, Cooperation Coordination Group may include representatives of supervisory and controlling authorities. 

During its meetings, the Cooperation Coordination Group discusses matters associated with the effective prevention or investigation of specific crimes, and strategic issues.

During feedback sessions, the Financial Intelligence Unit of Latvia and  reporting entities  discuss the quality of the submitted reports and analyse the technical shortcomings and other deficiencies found in the reports. These sessions are also used to discuss matters whose purpose is to support the effective fulfilment of legal duties by the parties involved. The sessions cover any questions pertaining to the interpretation of laws and regulations, the institutional authority in investigating criminal offences, security of circulation of information, preparation of money laundering, terrorism and proliferation risk assessments etc. 

The provision of information to the Financial Intelligence Unit of Latvia as part of sharing of information during the meetings of the Cooperation Coordination Group does not constitute the disclosure of non-disclosable information, which is why the reporting entities, as well as their management (council and board members) and employees do not incur any legal and/or civil liability by doing so. Sharing of information during the meetings of the Cooperation Coordination Group does not affect the duty of the reporting entities  to report any and all suspicious transactions to the Financial Intelligence Unit of Latvia.
 

The meetings of the Cooperation Coordination Group have been regularly held since the second half of 2018.

Regulation on the Operation of the Cooperation Coordination Group of the Financial Intelligence Unit