Latvia Enhances Position as Leading EU Fintech and Web3 Hub

Latvia's reputation as a secure and transparent hub for fintech and Web3 has been reinforced by an international assessment lauding its anti-money laundering (AML) and counter-terrorism financing (CFT) systems. The MONEYVAL report highlights Latvia's robust regulatory framework as a model for financial integrity, setting a milestone in its strategic positioning within the EU.

Achieving high effectiveness in MONEYVAL's 6th evaluation round under Financial Action Task Force standards, Latvia marks its readiness to be a benchmark for global norms. Structural reforms since 2018 have strengthened its financial sector, now eyeing the EU market for crypto-assets and electronic money institution licensing.

Latvia's seamless combination of international AML/CFT adherence and financial innovation openness creates a conducive ecosystem for fintech, digital payments, and crypto-asset providers, underpinned by a risk-based supervision model.