OECD working group’s assessment shows that reputation of Latvia’s financial sector strengthens at international level – FCMC head

21.04.2016
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Riga, 15.04.2016

Press Release 

OECD working group’s assessment shows that reputation of Latvia’s financial sector strengthens at international level – FCMC head

The head of Latvia’s financial sector supervisory authority FCMC, Pēters Putniņš, appreciates the opinion of the OECD Working Group on Bribery in International Business Transactions that proves achievements of the Latvian supervisory authorities and the financial sector in the prevention  of money laundering and terrorist financing, as well as the progress at this negotiation phase made by Latvia’s permanent delegation to the OECD Working Group on Bribery in International Business Transactions.

FCMC Chairman Pēters Putniņš: “Implementation of higher standards set by international organizations, and in particular the OECD, in the financial sector in relation to anti-money laundering and counter-terrorist financing has been one of the most important tasks for the FCMC in recent years. We have come a long way thus strengthening reputation of Latvia’s financial sector at the international level, and this is one more positive statement. I am pleased about the cooperation with the OECD colleagues, operation of Latvia’s delegation, and I would like to express gratitude to the FCMC representatives in this delegation for their work.”

On 14.04.2016, the OECD Working Group on Bribery in International Business Transactions gave the OECD’s Council a positive assessment of Latvia’s readiness to join the OECD, praising Latvia’s progress in the implementation of recommended priorities as a quality and duly performed task.

The Ministry of Justice information: http://bit.ly/1V6jxNu

 

Further information:

Ieva Upleja

Chief Public Relations Specialist

FCMC Communications Division 

Phone: +371 67774807; e-mail: ieva.upleja@fktk.lv

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