Latvian gambling industry has also been used for money laundering, Ilze Znotina, the head of the Financial Intelligence Unit, said in an interview with LETA citing the Financial Intelligence Unit’s data.
“Unfortunately, it is clear that the gambling sector has also been used for money laundering purposes,” said Znotina.
Znotina, however, said she could not reveal the details, and that the conclusions and results would be released later.
Znotina said that the Financial Intelligence Unit had developed very close and successful cooperation with the Lotteries and Gambling Supervision Inspection. However, the gaming industry is large, it turns over a lot of money, and there are some companies in the industry that have come under close scrutiny. The work that the Financial Intelligence Unit is currently doing could lead to changes in the supervisory and crime prevention systems, said Znotina.
Nevertheless, the banking sector will always be the main platform through which attempts are made to launder money, explained Znotina.