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Three banks in Latvia remain ‘high-risk’ for AML/CFT despite overall high efficiency being reached – FinCrime regulator

By Dan Byrne for AMLi

Three banks in Latvia have been named as “high-risk” by the country’s national regulator – which makes up just over one fifth of the total banks currently operating there.

In the latest annual report of financial crime prevention from the Financial and Capital Market Commission (FCMC), the consensus is that as of December 2020, the 14 banks operating in the Baltic nation have “significantly decreased their risk levels.”

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