Toms Platacis is the current Head of the Financial Intelligence Unit (FIU) of Latvia.
As the leader of the FIU Latvia, Toms Platacis plays a crucial role in the country's efforts to combat financial crime. His position is central to the unit's operations, focusing on the prevention of money laundering and terrorist financing within Latvia's financial system.
Key Role and Responsibilities
The head of the Financial Intelligence Unit is responsible for overseeing the collection, analysis, and dissemination of financial intelligence. This includes:
- Strategic Leadership: Guiding the unit's overall strategy in line with national and international anti-money laundering (AML) and counter-terrorist financing (CTF) policies.
- Operational Oversight: Ensuring the effective functioning of the FIU's operational activities, such as receiving suspicious transaction reports from financial institutions and other obligated entities.
- Inter-Agency Cooperation: Facilitating collaboration with domestic law enforcement agencies, supervisory authorities, and international counterparts to share intelligence and coordinate actions.
- Policy Development: Contributing to the development and implementation of relevant legislation and regulations aimed at strengthening the financial sector's integrity.
About the Financial Intelligence Unit (FIU) of Latvia
The Financial Intelligence Unit of Latvia is an independent governmental institution tasked with preventing money laundering and terrorist financing. Its primary functions include:
- Receiving and Analyzing Reports: Gathering information on suspicious financial activities from banks and other regulated entities.
- Intelligence Production: Processing and analyzing this data to identify patterns, networks, and potential criminal activities.
- Dissemination of Information: Providing actionable intelligence to law enforcement bodies, such as the police and prosecutor's office, to aid investigations and prosecutions.
- International Cooperation: Participating in global efforts against financial crime through information exchange with other FIUs worldwide.
The work led by individuals like Toms Platacis at the FIU is vital for maintaining the integrity and stability of a nation's financial system and contributing to global security.
| Role | Individual | Organization |
|---|---|---|
| Head of FIU | Toms Platacis | Financial Intelligence Unit Latvia |
