Latvian anti-money laundering service froze €101m of assets in 2018

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The Control Service (Latvian Office for Prevention of Laundering of Proceeds Derived from Criminal Activity) last year issued 186 decrees and achieved freezing of €101.5 million of laundered money, according to the information released during the annual meeting of prosecutors today.

Prosecutor General Ēriks Kalnmeiers said that this is a new record in the history of the Control Service.

In 2017 the Control Service managed to freeze €45.6 million, in 2016 – €36.17 million, and in 2014 – €79 million.

Last year the Control Service sent 171 cases on money laundering to law enforcement institutions compared to 225 cases in 2017 and 231 cases in 2016.

In total last year there were 196 crimes registered related with money laundering. The prosecutor’s office received 20 criminal cases for criminal prosecution and sent 23 cases against 54 people to courts. In comparison, in 2017, as many as 123 such crimes were registered, the prosecutors received 14 criminal cases and sent ten cases against 33 people to courts.

Kalnmeiers said that fight against money laundering remains Latvia’s priority.

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