Press releases

11.10.2018 Valsts kanceleja

On Tuesday 11 October, the Saeima in the final reading supported the Whistleblowing Law with the aim to strengthen the whistleblower protection in Latvia and promote whistleblowing on various violations that can harm the public interest.

25.09.2018 Valsts kanceleja

Today, 25 September, the government approved a comprehensive Action Plan on the recommendations included in Moneyval’s 5th round of evaluation of Latvia’s AML/CTF system. The plan merges existing initiatives and provides a robust framework for all government institutions involved, as well as the private sector, to implement reforms identified by Moneyval’s evaluation system.

20.09.2018 Ministru prezidents

On Thursday 20 September, Prime Minister Māris Kučinskis participated in the informal European Council meeting in Salzburg. The focus of this meeting was on internal security, including the security of elections and cybersecurity.

11.09.2018 Ministru prezidents

The Financial Sector Development Council, supported by Prime Minister Māris Kučinskis, has today (11 September) approved an action plan to strengthen Latvia’s anti-money laundering capabilities, and its ability to combat the financing of terrorism and weapons proliferation.

10.09.2018 Valsts kanceleja

Latvia has made an application for annulment of an arbitral award rendered on 22 December 2017 by an arbitral tribunal constituted under the auspices of the International Centre for Settlement of Investment Disputes (“ICSID”) in the case of UAB “E energija” (Lithuania) v. Republic of Latvia. The arbitration related to UAB “E energija” claims against the Republic of Latvia made under the Agreement between the Government of the Republic of Lithuania and the Government of the Republic of Latvia on the Promotion and Protection of Investments dated 7 February 1996 (the “Lithuania-Latvia BIT”).

04.09.2018 Labklājības ministrija

An information system has been created as a single source of information on foster families, specialized foster families and children in foster care. This will enable a faster placement of children with families, because, thus far, there hasn’t been a single information system for the said objective that would meet the requirements of the Law on State Information Systems. The current practice envisaged a circulation of information between the family courts and the State Inspectorate for Protection of Children’s Rights (SIPCR) in order to find a suitable foster family for a child in foster care.

04.09.2018

On Tuesday 4 September, the draft regulation “By-law of the Corruption Prevention and Combating Bureau” developed by the Corruption Prevention and Combating Bureau (the ‘Bureau’) was approved at the sitting of the Cabinet of Ministers.

23.08.2018 Ministru prezidents
  • Moneyval has published fifth round evaluation lauding Latvia for international cooperation, but calling for much stronger measures on sanctions enforcement and beneficial ownership
  • Government has welcomed the report, saying it will help guide and direct ongoing reform efforts
  • Recommendations build on progress already made to reduce foreign deposits and strengthen legal oversight of the sector
22.08.2018 Ministru prezidents

This week, the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval) will publish their report on the fifth round of the evaluation of the Latvian Anti-Money Laundering and Terrorist Financing (AML/CTF) system. The evaluation was carried out by experts from Moneyval in accordance with international Financial Action Task Force on Money Laundering (FATF) standards during their visit of October 30 to November 8, 2017 and is an independent audit that will help Latvia meet the latest global AML/CTF standards. For the first time, the committee assessed both the technical compliance and operational efficiency of Latvia’s system.

21.08.2018 Ministru prezidents

On Tuesday, August 21, the governments of both countries met in Riga in order to discuss issues of importance for Latvia and Estonia. This meeting was held in commemoration of the centenary of the founding of both countries and was aimed at strengthening the close friendship between the two similar-minded countries and promoting constructive cooperation on mutually important issues.

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