Establishment of an AML Innovation Center to improve the identification of proceeds of crime

Implementation of the investment will facilitate the establishment and equipping of an Anti-Money Laundering (AML) Innovation Center, the procurement of information technology for knowledge sharing and information protection, and data and hypothesis analysis. 

As a result, the proportion of financial and economic crime cases submitted electronically for criminal investigation will increase from 0% to 100%, signifying an improvement in the identification of proceeds of crime through the implementation of continuous knowledge transfer from research to financial intelligence, based on data analysis and typologies, within a secure public-private partnership platform.

Additional links:

• https://www.iem.gov.lv/en/article/recovery-fund-will-invest-aml-innovation-centre-and-strengthening-capacity-investigate-economic-crime
• https://www.iem.gov.lv/lv/6211i-aml-inovaciju-centra-izveide-noziedzigi-iegutu-lidzeklu-legalizacijas-identificesanas-uzlabosanai