Latvia has been acknowledged internationally for its effective measures against financial crimes, as indicated by the recent Moneyval report published by the Council of Europe. The Financial Intelligence Unit (FID) has reported that the results of the sixth round of mutual evaluations show that Latvia has achieved high or substantial effectiveness levels across nearly all criteria assessed. This demonstrates Latvia's significant progress and long-term commitment to combating financial crime in the nation.

The Moneyval report, released on Thursday, highlights the country’s efforts in improving its financial systems and emphasizes that the risks associated with financial sectors in Latvia have been successfully mitigated. According to FID’s statements, Latvia has been recognized as a safe and trustworthy destination for investments, which is crucial for fostering economic growth and attracting foreign capital. The acknowledgment also indicates that Latvia was among the first countries evaluated under the new FATF standards, showcasing its proactive stance in maintaining financial integrity.

The positive assessment from Moneyval reflects the systematic efforts of the Latvian government in addressing financial crimes and strengthens the country’s identity as a reliable financial partner within international circles. This commendation serves as a motivation for continued diligence and reinforces the national commitment to uphold high standards in financial governance, ensuring that Latvia remains resilient against potential risks in the future.