As part of its new round of mutual evaluations, a team of evaluators from the Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) carried out an on-site visit to Latvia from 4 to 15 November 2024. This was the first on-site visit conducted under MONEYVAL’s 6th round of mutual evaluations and first conducted within the Financial Action Task Force (FATF) Global Network under the new round. 
The main purpose of this mutual evaluation is to assess the effectiveness of the implementation of the international standards on anti-money laundering and combating the financing of terrorism and of weapons of mass destruction proliferation (AML/CFT/CPF), in accordance with the 2022 FATF Methodology. 
The assessment team is composed of MONEYVAL and FATF experts with legal, financial and law enforcement experience, assisted by members of the MONEYVAL and FATF Secretariats.
The on-site visit was opened by introductory remarks by the Prime Minister, Evika Siliņa, the Prosecutor General, Juris Stukāns, and the Governor of Latvijas Banka, Mārtiņš Kazāks.  
During the visit, numerous meetings were held with representatives of Latvia’s criminal justice system, ministries, law enforcement, supervisory authorities, and other operational agencies involved in AML/CFT/CPF. The assessment team also met with representatives of the private sector (including banks, securities firms, casinos and lawyers) and representatives of non-profit organisations. 
The report is scheduled for discussion and adoption at the joint plenary meeting of MONEYVAL and FATF in June 2025.