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Latvia eyeing proportionate money laundering regime, watchdog head says

By Martin Coyle ( April 15, 2026, 13:26 GMT | Comment) -- Eight years after Latvia's major money laundering scandal, the challenge is ensuring tough banking reforms are adhered to without stifling activity in the sector, the head of the country's central authority for combating money laundering has told MLex. Toms Platacis, the head of Latvia’s Financial Intelligence Unit, said in a recent interview that banks are stricter on money laundering, but it’s about proportionality.With Latvia's major banking money laundering scandals now in the rear-view mirror, the head of its central authority for combating money laundering says the challenge is ensuring tough reforms to clean up financial services are adhered to without stifling activity in the sector....

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