On February 19, the Moneyval committee of the Council of Europe published the results of Latvia's 6th round mutual evaluation. The report emphasized that Latvia has achieved high or substantial levels of effectiveness across nearly all criteria. It recognized Latvia's remarkable progress and long-term commitment to combating financial crimes. Toms Platacis, the head of the Financial Intelligence Service (FID), stated that the evaluation signals Latvia's recognition as a reliable and capable partner in the international fight against financial crime and sanction evasion.

The report identifies maintaining proportionality in regulation as a primary challenge for Latvia moving forward. It stresses the importance for the involved agencies to discern when intervention or regulatory action is necessary versus when it is not. By applying a targeted risk-based approach, the authorities can ensure that low-risk sectors are not overly burdened, thereby fostering a balanced and effective regulatory environment. This finding is essential for sustaining the momentum achieved in previous evaluations and emphasizes the continuous need for vigilance against financial wrongdoing.

Overall, Latvia's recognition in the Moneyval report serves as a validation of the country's strategies against financial malfeasance, indicating both trust and partnership opportunities within the international community. It reinforces the need for ongoing commitment and adaptability in regulatory measures to enhance efficiency and ensure that compliance does not disproportionately affect certain sectors. This acknowledgment positions Latvia favorably in the eyes of foreign investors and international regulatory bodies, signaling a robust approach to finance management and crime prevention.