Online discussion with Ilze Znotiņa, Head of FIU

Tuesday, November 10, 2020 - 09:30

 

On 10 November, BritCham hosted an online members-only discussion with Ms Ilze Znotiņa, Head of the Latvia’s Financial Investigation Unit. The event was moderated by Ms Ieva Rācenāja,  Director of Riga Graduate School of Law. The discussion gave an insight into current priorities of the FIU and further control measures to reduce the risks in the financial sector. Ms Znotiņa spoke about cooperation with FCMC and Latvian banking industry and how important it is to educate businesses on requirements and expectations towards customer due diligence and risk based approach towards each client`s risk level. Although Latvia has made considerable progress in implementing changes to its laws and regulations, there is still much work to be done in terms of continuing the reform of the financial sector. We would like to thank Ms Ilze Znotiņa for finding time to address our members on this topical issue as well as Riga Graduate School of Law for supporting the event.