POSTPONED:Meeting with Ms Ilze Znotiņa, Head of Financial Intelligence Unit (FIU)

Friday, March 13, 2020 - 15:00

 

On 21 February 2020, the Financial Action Task Force (FATF) concluded that following the successful implementation of a new financial crime prevention system, Latvia will not be subject to ‘enhanced surveillance’ or included in the so-called ‘Grey List’. 

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.  BritCham is therefore both pleased and proud to be able to offer members the chance of a meeting with Ms Ilze Znotiņa, Head of the Latvia’s Financial Intelligence Unit (“FIU”) during which participants will be able not only to hear the current priorities of the FIU and share its vision for the future but also ask questions.  Topics to be covered will include:

  • Proposed control measures to reduce the risks in the financial sector;
  • Identification of risks in the financial area and cooperation with FCMC;
  • Educating businesses about how to combat money-laundering (including terrorist financing) and improve overall risk management;
  • How to restore the reputation of Latvia’s financial sector. 

 

Speaker:

Ilze Znotiņa is a Director of FIU Latvia as of 1 June 2018.  Prior to joining FIU Latvia she has had a career as a sworn attorney-at-law specializing in dispute resolution. Her main areas of expertise included regulatory issues, insolvency, anti-bribery and anti-money laundering, fraud and white-collar crime. 

A former Partner of the law firm Deloitte Legal, Ms. Znotiņa has represented a wide range of local and international clients in courts as well as performed an anti-fraud reviews at many international and local companies where she led investigation of corruption, false accounting, fraud, theft, asset recovery, tax evasion, money laundering and obstruction of justice cases.  Her recent activities before the appointment related to leading the preparation of Latvian National AML/CFT Risk assessment and several sectoral assessments. 

Ms. Znotiņa has submitted her doctoral thesis in the Faculty of Law, University of Latvia. She holds a Master degree in International and European Law from Riga Graduate School of Law and a Bachelor degree in Law from the University of Latvia.  She is an author of a number of publications related to law, fraud and corruption as well as a frequent speaker on these topics. 

The Financial Intelligence Unit of Latvia (FIU) is a specially established institution of direct administration under supervision of the Cabinet of Ministers.  It receives, processes, and analyses reports on suspicious financial transactions as well as in cases provided for in the Law provides this information to control, pre-trial investigation, and court authorities as well as to the Prosecutor’s Office. 

Date & time: Friday, 13 March 2020 at 15:00 (Arrival from 14:30) 
Venue: British Ambassador's Residence, Jura Alunāna iela 5
Admission: Complimentary (BritCham members only)
RegistrationOnline Registration, e-mail events@britcham.lv or call (+371) 25 45 6000

Please note that this is a Members Only event.