Latvia's progress in strengthening measures to tackle money laundering and terrorist financing

Publication details

Language

English

Country

Latvia

Latvia has made a progress in addressing the TC deficiencies identified in its 5th Round MER and has been re-rated on 11 Recommendations.

  • Recommendations 6, 7, 8, 10, 22, 26, 28, 32, 39 and 40, initially rated as PC are re-rated as LC.
  • Recommendation 2, initially rated as LC, is re-rated as C.

Latvia will remain in enhanced follow-up and will continue to report back to MONEYVAL on progress to strengthen its implementation of AML/CFT measures. Latvia is expected to report back at the first Plenary meeting of 2021

MONEYVAL Follow-Up Report Latvia

Filename
MONEYVAL Follow-Up Report Latvia.pdf
Size
724 KB
Format
application/pdf
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Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant

Earlier reports

  • 26 Sep 2018

    Latvia's measures to fight money laundering and the financing of terrorism This report provides a summary of the anti-money laundering (AML) and countering the financing of terrorism (CFT) measures in place in Latvia as at the date of the onsite visit (between 30 October and 10 November 2017). It analyses the level of compliance with the FATF 40 Recommendations and the level of effectiveness of Latvia’s AML/CFT system and provides recommendations on how the system could be strengthened.

  • 6 Jun 2007

    Mutual Evaluation of Latvia Latvia is a member of MONEYVAL, the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT measures in Latvia was conducted by the International Monetary Fund IMF and adopted by MONEYVAL.

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