The unified AML regulation – hopes and challenges on the path to effectiveness

With the new AML regulation, the EU is taking a significant step in the fight against financial crime. Its implementation promises substantial benefits, and while it presents certain adaptation challenges, the financial sector is moving towards a more effective approach in combating financial crime.

The EU’s new AML regulation is a game-changer in combating financial crime, bringing a more effective approach for the financial sector. To delve deeper into its impact, practical applications, and specific effects on Latvia’s financial sector, Partner Edgars Pastars shared his expertise and insights in an interview for the latest Financial Intelligence Unit (FIU) Latvia’s Financial Integrity Newsletter. Read it on pages 8-11.