Financial Intelligence Unit (FIU) Latvia

What Financial Intelligence Unit (FIU) Latvia does

Financial Intelligence Unit (FIU) Latvia (Finanšu izlūkošanas dienests, FID) is a Latvian government state institution operating under the Ministry of the Interior as the country's sole designated financial intelligence unit under the Law on the Prevention of Money Laundering and Terrorist and Proliferation Financing. Since 1 April 2024, it also serves as the sole national competent authority for international and national sanctions enforcement. Its primary mandate is to prevent the use of Latvia's financial system for money laundering, terrorism financing, and proliferation financing by receiving and analysing suspicious transaction reports (STRs) and threshold declarations from AML/CFT-obligated entities, providing actionable financial intelligence to law enforcement and prosecution, coordinating national AML/CFT/CPF policy, and engaging in international cooperation through the Egmont Group, MONEYVAL, FATF, and Europol.

FID's operational platform stack is anchored by the goAML digital reporting system (UNODC-developed, deployed at goaml.fid.gov.lv) for receiving and managing STRs and threshold declarations, supplemented by a publicly accessible sanctions search engine ('Sankciju meklētājs') cross-referencing UN, EU, and Latvian national sanctions lists, and a secure public-private partnership data and hypothesis analysis platform being built under the EUR 1.78M AML Innovation Centre project (2022-2025). The agency also operates a whistleblowing reporting channel and a dedicated training portal (training.fid.gov.lv). FID led Latvia's MONEYVAL 6th round mutual evaluation — the first country assessed under the new methodology — coordinating 18 institutions and achieving 10 of 11 positive effectiveness ratings.

FID has no commercial revenue model. Its operations are funded through the Latvian state budget, supplemented by EU/EEA grant-funded projects (totaling roughly EUR 2.19M across three disclosed projects covering 2022-2025). Its stakeholders are not paying customers but mandated constituents: obligated entities (banks, financial institutions, insurance, payment/electronic money institutions, auditors, notaries, lawyers, real estate agents, gambling operators, and others), Latvian law enforcement and prosecution, and foreign FIUs and international organisations. Distribution is direct via the goAML portal, the sanctions portal, an in-person appointment system at its Riga headquarters (Vaļņu iela 28), and international conferences and training programmes.

Name

Financial Intelligence Unit (FIU) Latvia

Legal name

Finanšu izlūkošanas dienests

Website

https://fid.gov.lv

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Short description

Financial Intelligence Unit (FIU) Latvia (Finanšu izlūkošanas dienests) is Latvia's statutory financial intelligence unit and sole national sanctions enforcement authority, receiving and analysing suspicious transaction reports from AML/CFT-obligated entities, providing financial intelligence to law enforcement, and coordinating international AML cooperation.

Ownership category

akta.pro rank

Product category

Financial Intelligence and AML/CFT Regulatory Services

NAICS

International Affairs (92812)

SIC

International Affairs (9721)

akta.pro primary industry

Financial Services Regulators (Banking, Securities, Insurance) (BPAIAOAK)

akta.pro secondary industries

Financial Crime, AML/CFT & Sanctions Compliance (BPAHAFAE), AML/CTF Transaction Monitoring & Case Management (FSAGAFAC), AML/CFT & Financial Crime Compliance (FSAFAOAD)

Keywords

• Anti-money laundering
• Financial intelligence services
• Sanctions enforcement
• Suspicious transaction reporting
• AML compliance regulation

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Distribution channels3 records

Marketing channels7 records

Core offering

FID operates Latvia's national financial intelligence and AML/CFT/CPF regime: receiving and analysing suspicious transaction reports and threshold declarations from obligated entities via the goAML digital reporting system, providing actionable financial intelligence to law enforcement and prosecution, administering targeted financial sanctions through the Sankcijas.fid.gov.lv portal, coordinating national AML/CFT policy, and conducting international cooperation with foreign FIUs and organisations such as the Egmont Group, MONEYVAL, and FATF.

Differentiator

Problem solved

Functional benefit

Products and services

• goAML Reporting System Digital reporting system used by Latvian AML/CFT-obligated entities (banks, financial institutions, DNFBPs) to submit suspicious transaction reports (STRs) and threshold declarations electronically to FID. Hosted at goaml.fid.gov.lv, it is the primary channel for STR submission in Latvia and the data intake layer for FID's financial intelligence analysis.
• Sankcijas.fid.gov.lv — Sanctions Portal and Sanctions Search Engine (Sankciju meklētājs) Public-facing sanctions portal providing searchable access to persons and entities on UN, EU and Latvian national sanctions lists, information on frozen assets in Latvia, application forms for sanctions exceptions, sanctions guidelines, and regulatory updates. Available at sankcijas.fid.gov.lv.
• AML Innovation Centre Secure Data and Hypothesis Analysis Platform Secure public-private partnership data and hypothesis analysis platform supporting research-to-operations knowledge transfer for AML detection. Provides data analysis solutions and mathematical model selection for hypothesis-driven financial intelligence, enabling improved detection of money laundering through data-driven analytics on financial crime data shared under the AML Innovation Centre.
• Training.fid.gov.lv Online Training Platform Online training portal providing courses and capacity-building content on AML/CFT, sanctions enforcement, and environmental crime to FID staff, law enforcement officials, supervisory bodies, and employees of Latvian financial sector entities.
• Financial Intelligence Analysis and Case Support to Law Enforcement FID's core statutory service: analysing suspicious transaction reports and threshold declarations received via goAML, enriching them with additional data sources, and producing actionable financial intelligence packages provided to Latvian investigative authorities, prosecution, courts, the State Security Service and other competent authorities for use in money laundering, terrorism financing, proliferation financing and sanctions investigations.
• National AML/CFT/CPF Policy Coordination and Mutual Evaluation Coordination FID's role of coordinating national AML/CFT/CPF policy and serving as the leading authority for international mutual evaluations (notably the MONEYVAL 6th round mutual evaluation, coordinating 18 institutions and achieving 10 of 11 positive effectiveness ratings), including issuance of guidelines, typologies, national risk assessments (NRA), and the National NILLTPFN Strategy.
• Whistle-blowing Reporting Channel (Trauksmes celšana) External reporting channel (trauksmescelejs.lv) through which individuals can report suspected AML/CFT violations to FID, integrated with the national Whistle-blowing Coordination Committee.

Quantifiable outcome

• Latvia achieved positive ratings in 10 out of 11 effectiveness criteria in the MONEYVAL 6th round mutual evaluation
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability4 records

Feature3 records

Partnerships

Five partnerships are on record, tiered minor and core.

• RUSI (Royal United Services Institute) — European Sanctions and Illicit Finance Monitoring and Analysis Network (SIFMANet)minorStrategic or Co-development Partner · 19 March 2024FID participated in the international conference 'Effective Sanctions: Goals for 2024' co-organised with RUSI's SIFMANet initiative, which facilitates cross-EU discussions on sanctions enforcement between public and private sectors.
• Financial Intelligence Unit Iceland (Fjármálasigezdarinn)coreStrategic or Co-development Partner · 1 January 2024Bilateral cooperation under the EEA Grants programme initiative 'Knowledge Enhancement in AML Including Environmental Crime Identification' (Agreement No. EEZ/DSF/FID/2024/1). FID Latvia and FID Iceland collaborate on training, experience exchange, and a joint international conference on environmental crime and money laundering.
• EuropolcoreStrategic or Co-development Partner · 1 January 2024FID cooperates with Europol in the exchange of information related to money laundering, terrorism financing, and proliferation financing, in accordance with applicable regulations. FID exchanges financial intelligence and operational data to support cross-border financial crime investigations.
• Bank of Latvia (Latvijas Banka)coreStrategic or Co-development Partner · 11 February 2023National project partner in the EEA Grants project 'Employee Knowledge Enhancement in Anti-Money Laundering Combating in Latvia'. The Bank of Latvia, as financial supervisory authority, co-organised training seminars and experience-exchange visits for supervisors and FID staff, including ACAMS and ICA professional certification programmes.
• MONEYVAL (Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures)coreStrategic or Co-development Partner · 11 November 2017FID served as the leading and coordinating authority for Latvia's MONEYVAL 6th round mutual evaluation, which assessed measures and results from 17 November 2017 to 15 November 2024. FID coordinated an inter-institutional working group of 18 institutions, achieving 10 out of 11 positive effectiveness ratings — one of the highest scores globally under the new methodology.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Others

• Egmont Centre of Excellence (UNODC-affiliated FIU): UNODC, the developer of the goAML reporting system that FID Latvia operates; an enabling ecosystem provider that delivers the analytical infrastructure underpinning FID's STR/CTF intake and analysis capability.
• Egmont Group of Financial Intelligence Units: The international body coordinating national FIUs (including FID Latvia) for secure information exchange and standards; an adjacent ecosystem organization that defines the operating context for FID's international cooperation mandate.

Broad incumbents

• FinCEN (Financial Crimes Enforcement Network, U.S. Treasury): U.S. national FIU administering BSA/AML reporting and analytical functions at much larger scale; equivalent role as the central U.S. authority for SAR/CTF review and international FIU cooperation via Egmont.
• National Crime Agency (NCA, UK): UK's law-enforcement-led intelligence and crime-fighting body that includes financial intelligence functions analogous to FIU work — broader incumbent across AML/CTF but exercises comparable analytical and international-cooperation roles.
• Tracfin (France): France's national FIU under the Ministry of Economy; broader incumbent with similar core mandate of receiving STRs, conducting financial intelligence analysis, and cooperating internationally — comparable in regulatory function though larger in scale.

Direct peers

• Financial Crime Investigation Service (FNTT) Lithuania: Lithuania's national FIU and financial crime investigation service; shares the Baltic regional AML/CFT context, MONEYVAL/Egmont cooperation framework, and goAML-style digital reporting infrastructure.
• Financial Intelligence Unit Estonia: Estonia's national FIU under the Ministry of Finance, similarly sized and operating across AML/CFT analytical and reporting functions using goAML — a direct peer on mandate, scale, and Baltic regional cooperation.
• FIU-NL (Netherlands Financial Intelligence Unit): Dutch national FIU operating goAML and similar AML/CFT analytical functions within the EU regulatory framework; directly comparable in mandate, scale, and use of EU/multi-state cooperation mechanisms.
• FIU Iceland (Fjármálasigezdarinn): Iceland's national FIU and an active bilateral cooperation partner of FID Latvia under the EEA Grants environmental crime initiative; a direct peer in mandate and Nordic/Icelandic MONEYVAL member context.

Regional players

• Bank of Latvia (Latvijas Banka): Latvia's central bank and AML supervisor; shares the Latvian AML/CFT regulatory perimeter with FID and is an active national project partner in FID's EEZ-funded training programme — directly comparable on regulatory cooperation rather than FIU function per se.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@fidlatvia
• Facebookfacebook.com/FIDLatvija
• LinkedInlinkedin.com/company/financial-intelligence-unit-fiu-latvia

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Financial Intelligence Unit (FIU) Latvia