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Republic of Latvia: Report on the Observance of Standards and Codes on Anti-Money Laundering and Combating the Financing of Terrorism
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2007: Issue 188
Language:
English
Publication Date:
04 Jun 2007
DOI:
https://doi.org/10.5089/9781451946970.002
ISBN:
9781451946970
ISSN:
1934-7685
Pages:
19
Keywords:
ISCR; CR; AML Law; CFT risk; CFT requirement; CFT measure; CFT deficiency; CFT compliance; CFT authority; Anti-money laundering and combating the financing of terrorism (AML/CFT); Terrorism financing; Legal support in revenue administration; Money laundering; Correspondent banking; Western Europe
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This report reviews the Observance of Standards and Codes on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for the Republic of Latvia. Latvia has taken strong measures in recent years, through legislative amendments and improvements in implementation, to address deficiencies in its AML/CFT framework and move closer to compliance with the Financial Action Task Force (FATF) Recommendations. Most of the necessary AML/CFT institutions and legal framework are now in place, although coverage of some designated nonfinancial businesses and professions (DNFBPs) is not yet complete.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund