Posts tagged as Moneyval

MONEYVAL publishes follow-up report on Latvia

Thursday, January 23, 2020

As a result of Latvia’s progress in strengthening its framework to tackle money laundering and terrorist financing since its mutual evaluation report in July 2018, MONEYVAL has re-rated the country on ten Recommendations originally rated as “partially compliant” and one Recommendation originally rated as “largely compliant”. Latvia was placed in an enhanced follow-up process, following the adoption of its mutual evaluation report, which assessed the effectiveness of Latvia’s anti-money laundering…

Latvia has agreed an extension in introduction of Moneyval recommendations

Wednesday, July 10, 2019

Latvia has been able to agree to an extension in the introduction of the recommendations from the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval), Ilze Znotina, the head of the Office for Prevention of Laundering of Proceeds Derived from Criminal Activity, told Latvian Television this morning. ”There is considerable progress. We have prepared our first report and have…

Latvian government approves action plan for implementation of Moneyval recommendations

Thursday, September 27, 2018

The government supported an all-embracing action plan for implementation of recommendations following Moneyval’s fifth round of the evaluation of Latvia’s Anti-Money Laundering and Terrorist Financing (AML/CTF) system, said Snore. The main priorities listed in the action plan include enhancing risk-based supervision and introduction of preventive measures, including controlled, transparent and professional management of the ABLV Bank liquidation process, effective information exchange among the investigative authorities, ensuring the required human resources…