Issues related to Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT), among others, were discussed by representatives of the Cyprus Securities and Exchange Commission (CySEC) and the Central Bank of Latvia, at a meeting recently, at the CySEC offices in Nicosia.

According to a CySEC press release, the discussion, which took place at staff level, focused on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) matters and the exchange of best practice and experiences of the two authorities in relation to the licensing, supervision and risk assessment of supervised entities.

It is stated that participating on behalf of CySEC were its AML/CFT, Authorisations and Risk and Statistics Departments, while the Latvijas Banka was represented by officers from its AML Department. 

“CySEC is committed to working closely with other EU national authorities to ensure the effective supervision and oversight of regulated entities, and to protect investors,” the press release concludes.