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Tuesday, May 1, 2001
Volume:
17
Issue:
5
203
Abstract:
On January 22, 2001, the media publicized the Council of Europe’s criticism of Latvia for inadequate efforts in combating money laundering in the context of an increasing incidence of crime in Latvia.
In its first study of this problem in Latvia, the Council of Europe observed that drug-related crime and economic crime have increased during the last three years. Money laundering in Latvia is connected with counterfeiting, banking and financial crimes, corruption, illegal business activities, extortion, stolen car trade and prostitution. Some two-thirds of crime is connected with organized crime…[more]