AML PROGRESS PICKING UP IN THE BALTICS
June 1st, 2010
BY MONIKA HANLEY
OFTEN lumped together, the three Baltic States (Lithuania, Estonia and Latvia) vary greatly in their anti-money laundering standards and risks and banking competencies. Estonia has a well-regarded financial centre with one of the most advanced and transparent banking systems of the newer European Union (EU) member states as well as newly adopted anti-money laundering laws, something the other two Baltic States cannot boast. Lithuania is not considered a financial hub but due to its geographic location neighbouring Belarus and the Russian exclave ...
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