Latvia’s 2024 FIU report reveals key AML developments and strategic priorities, focusing on sanctions centralisation and stronger customs controls amid rising financial crime threats

The report outlines key strategic priorities, with particular emphasis on the centralization of sanctions implementation functions to streamline enforcement and increase efficiency. A notable achievement was the prevention of over 8,500 shipments of sanctioned goods, reflecting enhanced controls at Latvia’s customs checkpoints. These measures were implemented to strengthen the country’s defenses against illicit financial activities…