LATVIA: Banking sector reform clouded by potential coalition infighting
Teneo
February 14, 2020
Latvia’s progress in tackling money laundering has lowered the probability that the country will be “grey-listed” by the G7’s Financial Action Task Force (FATF) next week. Despite the notable regulatory reforms in the banking sector, the political and legal focus on fighting corruption has yet to translate into real sentences for financial crimes.… Read the rest