Latvia tightens AML framework
Rules on beneficial ownership, fake currency and cash forex transaction all amended
Latvia’s central bank has announced it is tightening a range of regulations as the country’s authorities seek to toughen their anti-money laundering regime.
The Bank of Latvia said the measures would help ensure the implementation of the Latvian government’s action plan to strengthen AML regulations. The Latvian government’s plan followed recommendations from the Council of Europe’s AML committee of experts, known as Moneyval. The new measures will take effect today (April 1).
The new
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