Financial Intelligence Unit of Latvia (FIU Latvia)

Financial Intelligence Unit of Latvia (FIU Latvia)

 

News

The FIU of Latvia has published the Annual Report of 2019

The Financial Intelligence Unit of Latvia (hereinafter – FIU Latvia) has  published the Annual Report of 2019. Year 2019 for the FIU Latvia was significant with several important achievements and adjustments.  Among other things, strengthening the operational independence of the FIU Latvia from 1st of January, 2019 and obtaining the status as a leading institution with an aim to eliminate the possibility to use financial system of Latvia for money laundering, financing of terrorism and proliferation from 29th of June, 2019 can be mentioned as major challenges. Also, in 2019, the FIU Latvia was the leading institution of the Latvian delegation which was established to implement the recommendations of Moneyval and FATF experts. The full report ir available here

annual report

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Significant improvements have been made to the E-reporting System

Improvements have been introduced in the E-reporting System for submitting reports on suspicious transactions (STR) and threshold declarations (zinojumi.fid.gov.lv) of the Financial Intelligence Unit of Latvia, which will significantly facilitate the submission of reports by the obliged entities under the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing, hereinafter – the Law.

zinojumu portals

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