Latvia's Ministry of Finance reported on a meeting of the Financial Sector Development Council, chaired by the Prime Minister, where members reviewed Latvia’s progress in MONEYVAL’s sixth-round assessment and discussed further steps to strengthen the financial sector’s security, transparency and alignment with Financial Action Task Force standards. The Council also examined priorities for developing Latvia’s FinTech sector. The Financial Intelligence Unit presented an update on work completed to date under the MONEYVAL evaluation and the next steps under discussion. FinTech Latvia Association and the Latvian Blockchain Association set out their views on FinTech development, emphasising closer public-private cooperation, while the Ministry presented planned FinTech objectives and possible strategic indicators including increasing the number of FinTech firms, attracting investment and equity financing, and expanding the sector’s specialist workforce; boosting international visibility through digital marketing and use of existing state support instruments in international missions and forums was highlighted as a priority.

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