BALTIC STATES AML/CFT: GOOD IN PARTS, WEAK IN OTHERS
October 2nd, 2013
THE BALTIC States’ proximity to Russia and their position as a border between eastern and western financial markets, renders Estonia, Latvia, and Lithuania particularly at risk as regards money laundering.Hard hit during the global financial crisis they have still made considerable strides towards improving anti-money laundering (AML) and combating the financing of terrorism (CFT) legislation while transitioning into the Eurozone: Estonia joined January 2011; Latvia will join this January; Lithuania wants to join by 2015. Yet despite improvements over the ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.