Risk management

International Internet Magazine. Baltic States news & analytics Monday, 19.11.2018, 20:02

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Extensive money-laundering investigation should be organized by EPPO – minister

Extensive money-laundering investigation should be organized by EPPO – minister

21.09.2018

Estonian Minister of Justice Urmas Reinsalu met with the justice ministers of the Nordic and Baltic countries in Iceland on Friday and emphasized that in the future, the investigation of extensive money-laundering should be organized by the European Public Prosecutor's Office (EPPO), cities LETA/BNS.

Keyword tags: Estonia, Financial Services, Legislation, Risk management, Shadow economy



Non-resident deposits at Latvian banks has fallen to historically lowest level – 20.5%

Non-resident deposits at Latvian banks has fallen to historically lowest level – 20.5%

14.09.2018

Non-resident deposits at Latvian banks has dropped to its historically lowest level – 20.5%, informs LETA referring to the Financial and Capital Market Commission.

Combating money laundering requires common European framework – ECB

Combating money laundering requires common European framework – ECB

05.09.2018

Combating money laundering in the euro area requires a common European framework and a single European institution to supervise the process, Daniele Nouy, Chairwoman of the Supervisory Board of the European Central Bank, said in an interview with LETA while commenting the recent money laundering scandals involving ABLV Bank in Latvia and a Danske Bank branch in Estonia.


Police launch criminal procedure at request of ABLV Bank on spreading false news about financial sector

Police launch criminal procedure at request of ABLV Bank on spreading false news about financial sector

24.08.2018

At the request of to be liquidated ABLV Bank, the Chief Criminal Police Department has launched a criminal procedure on spreading false news about the situation in the Latvian financial sector, informs LETA referring to the Latvian State Police chief Ints Kuzis.

Estonian govt committee to submit proposals for improving fight against money laundering

Estonian govt committee to submit proposals for improving fight against money laundering

24.08.2018

The Estonian government Cabinet tasked the government committee working in the Ministry of Finance to draw up proposals by October on how to improve the fight against money laundering, informs LETA/BNS.


24.08.2018

Active crackdown on money laundering will boost international confidence in Latvia’s financial sector – Bank of Latvia

An active crackdown on money laundering and terrorist financing will help boost international confidence in Latvia’s financial sector, cities LETA referring to Bank of Latvia representatives, commenting on the report by the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval).

23.08.2018

Latvian government responds to Moneyval report

Today, August 23, Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval) has published its 5th Round Mutual Evaluation Report on Latvia, which details the Anti-Money Laundering and Terrorist Financing (AML/CTF) measures in place in Latvia for the reporting period to November 2017. Latvian government has welcomed the report, saying it will help guide and direct ongoing reform efforts.

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