What AML regulations are covered in the Riga AML Compliance Workshop?

Shasat's two-day AML Compliance Workshop in Riga covers FKTK Financial and Capital Market Commission AML requirements, Bank of Latvia AML prudential guidelines, FIU Latvia Suspicious Transaction Report obligations, EU 6th AML Directive requirements, EU Anti-Money Laundering Authority AMLA supervisory framework, MONEYVAL mutual evaluation requirements for Latvia, FATF recommendations, Latvian UBO register requirements, correspondent banking AML compliance, EU MiCA regulation, FATF Travel Rule, EU sanctions frameworks, OFAC secondary sanctions, UN Security Council sanctions, and counter proliferation financing CPF obligations.

Who should attend the AML Compliance Workshop in Riga?

This AML workshop in Riga is designed for Chief Compliance Officers, MLROs, FKTK-regulated compliance professionals, Bank of Latvia-regulated compliance officers, AML Compliance Managers, Risk Managers, Heads of Financial Crime, Internal Auditors, Legal Counsel, payment institution compliance officers, investment firm compliance officers, and fintech compliance professionals across Latvian banks, payment institutions, investment firms, insurance companies, real estate firms, and professional services organisations.

Is this AML course relevant for professionals across the Baltic and Nordic region?

Yes. Shasat's AML Compliance Workshop in Riga attracts compliance professionals from across the Baltic and Nordic region including Estonia, Lithuania, Finland, Sweden, Denmark, Norway, and Poland. It also serves government officials, central bank staff, supervisory authority professionals, finance ministry officials, and public sector financial crime professionals from across the Baltic states and wider Central and Eastern European region. Riga is the most accessible AML training hub for the entire Baltic region and the programme addresses EU 6AMLD, EU AMLA, Finantsinspektsioon, Bank of Lithuania, and FKTK requirements making it directly relevant for compliance professionals and government officials from every Baltic jurisdiction.

Is correspondent banking AML compliance covered in the Riga workshop?

Yes. Latvia has a uniquely significant correspondent banking AML compliance history and this workshop specifically addresses correspondent banking AML obligations including due diligence on respondent banks, cross-border CIS-connected financial flow risk assessment, Wolfsberg Correspondent Banking Principles, nested correspondent banking risks, and the specific AML challenges facing Latvian banks managing cross-border correspondent banking relationships. This is the only AML training programme in Riga that specifically addresses correspondent banking AML as a distinct Latvian risk typology.

What is FKTK and what are its AML supervisory powers?

FKTK — the Financial and Capital Market Commission — is Latvia's primary financial sector regulator responsible for supervising banks, payment institutions, investment firms, insurance companies, and capital market participants. FKTK has comprehensive AML supervisory powers including on-site inspections, off-site monitoring, administrative sanctions, and licence suspension or revocation for AML compliance failures. This workshop provides comprehensive practical guidance on FKTK AML supervisory expectations and examination preparation.

Does this AML course cover EU MiCA and digital asset compliance for Latvia?

Yes. This workshop covers EU MiCA Markets in Crypto-Assets regulation AML obligations for Latvian crypto-asset service providers, FATF Travel Rule implementation, DeFi risks, NFT-related financial crime, and blockchain analytics tools. Latvia has a growing fintech and digital asset sector and EU MiCA has introduced comprehensive AML obligations for crypto-asset businesses making digital assets AML compliance an important training topic for Latvian compliance professionals.

Is this AML course relevant for Estonian and Lithuanian professionals?

Yes. Compliance professionals from Tallinn and Vilnius regularly attend this AML Compliance Workshop in Riga. Estonian professionals are subject to Finantsinspektsioon AML requirements and Lithuanian professionals are subject to Bank of Lithuania AML requirements — both aligned with EU 6AMLD and EU AMLA obligations comprehensively covered in this programme. Riga is the most accessible Baltic AML training hub for professionals from across all three Baltic states.

Is the Riga AML course CPD and CPE accredited?

Yes. All delegates receive CPD and CPE accreditation upon completion of Shasat's AML Compliance Workshop in Riga. The accreditation is recognised by major professional bodies across Latvia and internationally including the International Compliance Association ICA, ACAMS, ACCA, CIMA, ICAEW, and the Latvian Association of Certified Auditors.

Can this AML workshop be delivered in-house across the Baltic region?

Yes. Shasat delivers this AML Compliance Workshop as an in-house programme for organisations across the Baltic region including Riga, Tallinn, Vilnius, Helsinki, Stockholm, Copenhagen, Oslo, and Warsaw. In-house delivery allows the programme to be tailored to your organisation's specific FKTK requirements, EU AML Directive obligations, EU AMLA supervisory expectations, and sector-specific compliance challenges across Latvia and the Baltic and Nordic region.

Where else does Shasat deliver AML Compliance Workshops globally?

In addition to Riga, Shasat delivers 2-Day AML Compliance Workshops in London, Singapore, Las Vegas, Dubai, Zurich, Manila, Brussels, Cape Town, Mexico City, Cyprus, Bermuda, Nairobi, Sydney, Mumbai, Istanbul, Rio de Janeiro, and New York. Online AML Masterclass and Crypto AML courses are also available globally.

AML Compliance Workshop Riga | 2-Day AML Training | Latvia

Q: Why is AML compliance particularly important in Latvia?

Latvia has a uniquely important AML regulatory history having been subject to significant international scrutiny over correspondent banking and cross-border financial flows. FKTK has significantly strengthened its AML supervisory expectations as a result. MONEYVAL continues to monitor Latvia's AML framework effectiveness. The EU Anti-Money Laundering Authority AMLA is reshaping supervision across all EU member states including Latvia. Staying ahead of these intensified FKTK and EU requirements is critical for every Latvian-regulated financial institution.

AML Compliance Workshop in Riga | FKTK | FIU Latvia | EU 6AMLD | FATF | Digital Assets | Sanctions

AML compliance is a critical regulatory obligation for every FKTK and Bank of Latvia-regulated entity in Latvia. Shasat’s two-day AML Compliance Workshop in Riga covers Financial and Capital Market Commission FKTK AML requirements, Financial Intelligence Unit Latvia FIU Latvia reporting obligations, EU 6th AML Directive requirements, and FATF recommendations. Furthermore, it addresses the new EU Anti-Money Laundering Authority AMLA supervisory framework and digital assets compliance under EU MiCA regulation.

This workshop is particularly relevant for compliance professionals operating under FKTK and Bank of Latvia supervision. Latvia is an EU member state with a uniquely important AML regulatory history and intensified supervisory expectations. Consequently, maintaining effective AML controls is a regulatory and business imperative for every bank, payment institution, fintech, investment firm, and professional services firm in Latvia and across the Baltic region.

The programme addresses the full spectrum of AML, CFT, and CPF compliance obligations. Specifically, it covers customer due diligence, enhanced due diligence, beneficial ownership verification, transaction monitoring, and Suspicious Transaction Report obligations to FIU Latvia. Furthermore, the workshop covers digital assets compliance under FATF Travel Rule and EU MiCA regulation, DeFi risks, and sanctions compliance under EU sanctions frameworks, OFAC, and UN Security Council obligations.

Whether you are strengthening your institution’s FKTK AML compliance programme, preparing for regulatory examination, or developing enterprise-wide financial crime controls, this workshop equips you with the practical knowledge and regulatory depth needed to protect your organisation and maintain compliance across Latvia and the European Union.

Key Learning Features

FKTK Financial and Capital Market Commission AML requirements and supervisory expectations for Latvian-regulated financial institutions
Bank of Latvia AML prudential guidelines and FIU Latvia Finanšu izlūkošanas dienests Suspicious Transaction Report obligations
EU 6th AML Directive requirements, new EU Anti-Money Laundering Authority AMLA supervisory framework, and cross-border EU AML compliance
FATF recommendations, MONEYVAL Council of Europe AML mutual evaluation requirements for Latvia, and risk-based approach
AML, Counter Financing of Terrorism CFT, and Counter Proliferation Financing CPF frameworks for FKTK-regulated entities
Customer due diligence, enhanced due diligence, and beneficial ownership verification under FKTK and EU AML standards
Correspondent banking AML compliance and cross-border CIS-connected financial flow risks specific to Latvia
Digital assets and cryptocurrency AML compliance under FATF Travel Rule and EU MiCA regulation for Latvian entities
EU sanctions frameworks, OFAC secondary sanctions implications for Latvian banks, and UN Security Council screening
Sector-specific AML strategies for FKTK-regulated banks, payment institutions, investment firms, fintech, real estate, and legal and accounting professionals

2-Day AML Compliance Workshop | Global Training Locations

Shasat delivers this 2-Day AML Compliance Workshop across major global financial centres, providing in-depth coverage of AML, CFT, and CPF frameworks, practical case studies, and hands-on compliance skills. In addition to Riga, upcoming programmes are available in:

Furthermore, all in-person programmes are available as dedicated in-house engagements tailored to your organisation’s specific regulatory environment. Contact us to discuss upcoming dates and group booking options.

For more information

Join our International Anti-Money Laundering Workshop! Gain essential skills to manage AML risks and enhance compliance in your organization. Our 2-day program covers strategies, real-life case studies, and industry insights. Open to professionals across fields. For details and registration, contact our customer service team.

Instructor Bio

The course instructor will be one of our highly experienced faculty members.

Our Faculty: Expertise That Drives Success

Shasat is proud to have over 30 world-renowned faculty members, each an expert in their respective fields, who share their hands-on implementation experience through our technical and professional development programs.

This programme is led by one of Shasat’s distinguished Anti-Money Laundering specialists, renowned for advising banks, insurers, payment institutions, and large corporates on the design, implementation, and enhancement of AML frameworks. With deep expertise in customer due diligence, enhanced due diligence, transaction monitoring, sanctions compliance, suspicious activity reporting, EU AML Directives (AMLD), and enterprise-wide financial crime risk assessments, the instructor brings a powerful blend of regulatory insight and practical experience. Backed by extensive knowledge of FATF standards, UK MLR requirements, EU AMLD expectations, and international supervisory practices, the speaker provides a global, real-world perspective on how effective AML controls link to governance, risk management, fraud prevention, and regulatory reporting—equipping participants to elevate their organisation’s financial-crime resilience.

Our faculty combine real-world expertise with academic rigor, ensuring every session is interactive, relevant, and outcomes-driven. Participants gain practical tools, case-based insights, and strategic frameworks that can be immediately applied to enhance sustainability reporting and corporate governance within their organisations.

Our Partners

Our Partners in Learning

Course Description

Day 1 — Regulatory Frameworks and Latvian AML Compliance

- FKTK Financial and Capital Market Commission AML requirements and supervisory expectations for Latvian-regulated financial institutions
- Bank of Latvia AML prudential guidelines and FIU Latvia suspicious transaction reporting obligations for Latvian reporting entities
- EU 6th AML Directive requirements, new EU Anti-Money Laundering Authority AMLA supervisory framework, and cross-border EU AML compliance
- MONEYVAL Council of Europe AML mutual evaluation requirements for Latvia and FATF recommendations
- AML, Counter Financing of Terrorism CFT, and Counter Proliferation Financing CPF frameworks for FKTK-regulated entities
- Beneficial ownership verification, Latvian UBO register requirements, and complex corporate structure identification under EU AML Directive
- Correspondent banking AML compliance and cross-border CIS-connected financial flow risks specific to the Latvian banking sector
- Sector-specific AML obligations for FKTK-regulated banks, payment institutions, investment firms, fintech, real estate, legal, and accounting professionals
- Customer due diligence, enhanced due diligence, simplified due diligence, and KYC framework under FKTK and EU AML standards
- Enterprise-wide AML risk assessments and risk scoring methodologies aligned with FKTK and EU AMLA supervisory expectations

Day 2 — Emerging Risks, Investigations, and Governance

- EU MiCA Markets in Crypto-Assets regulation AML obligations and FATF Travel Rule implementation for Latvian crypto-asset service providers
- Cryptocurrency AML red flags, blockchain analytics tools, and RegTech solutions for FKTK-regulated compliance professionals
- DeFi decentralised finance risks and NFT-related financial crime typologies in the Latvian and Baltic context
- EU sanctions frameworks, OFAC secondary sanctions implications for Latvian banks, and UN Security Council screening obligations
- CPF compliance — identifying proliferation financing risks, red flags, and Latvian obligations under UN Security Council sanctions
- PEP identification, enhanced monitoring, and management for Latvian and cross-border Baltic and CIS client relationships
- Transaction monitoring systems, Latvian and Baltic money laundering typologies, and correspondent banking financial crime red flags
- FIU Latvia suspicious transaction reporting obligations and SAR filing best practice for Latvian-regulated entities
- Case studies from major Latvian and Baltic financial crime enforcement actions and FKTK AML compliance failures
- Interrelationship between AML, CFT, CPF, anti-bribery, fraud prevention, and financial crime frameworks for FKTK-regulated entities
- Governance structures, compliance-first culture, and cross-functional AML collaboration within FKTK-regulated organisations
- Emerging trends in AML, CFT, and CPF including AI-powered financial crime detection and EU AMLA regulatory technology initiatives

All course content, agenda, and programme materials are protected by copyright. Unauthorised reproduction is strictly prohibited.

Why you must attend?

AML non-compliance carries severe consequences for FKTK-regulated entities in Latvia. FKTK enforcement actions, Bank of Latvia penalties, and reputational damage from financial crime failures can be existential for banks, payment institutions, and professional services firms. For MLROs, compliance directors, and senior executives, staying ahead of evolving AML, CFT, and CPF obligations is not optional. It is a regulatory and business imperative.

The AML compliance landscape in Latvia and across the Baltic region has never been more demanding. FKTK supervisory expectations have intensified significantly following Latvia’s AML regulatory history and international scrutiny. The new EU Anti-Money Laundering Authority AMLA is reshaping supervision across all EU member states including Latvia. MONEYVAL continues to monitor Latvia’s AML framework effectiveness. Furthermore, EU MiCA regulation has introduced new AML obligations for Latvian crypto-asset service providers. Additionally, OFAC secondary sanctions complexity has increased for Latvian banks managing correspondent banking and CIS-connected financial flows.

Shasat’s two-day AML Compliance Workshop in Riga addresses these challenges directly and practically. Participants gain in-depth knowledge of FKTK requirements, FIU Latvia reporting obligations, EU 6AMLD, and FATF recommendations alongside hands-on application of customer due diligence, enhanced due diligence, beneficial ownership verification, and Suspicious Transaction Report filing obligations to FIU Latvia. Real-life case studies from major Latvian and Baltic financial crime enforcement actions provide practical context for strengthening controls.

Delivered by experienced AML practitioners with direct advisory experience across FKTK-regulated banks, payment institutions, and professional services firms, every session combines Latvian regulatory rigour with global compliance insight. Participants leave with the knowledge and tools needed to strengthen AML controls and respond confidently to FKTK and EU AMLA scrutiny across Latvia and the wider Baltic region.

Teaching methodology

The training program will employ a comprehensive and engaging approach to learning, designed to deliver maximum impact and retention. The methodology includes:

A user-friendly slide deck that presents the concepts, methodologies, and principles in a clear and concise manner, making the material easily accessible to all attendees.
Interactive sessions featuring real-life case studies to provide hands-on experience and bring the material to life.
Explanations of concepts and methodologies through the use of examples and distinct scenarios, allow attendees to understand the material in context.
Group exercises designed to illustrate accounting principles, encouraging collaboration, and fostering a deeper understanding of the material.
Access to additional course material and handouts, ensuring attendees have a comprehensive reference resource to support their learning.
An open and inclusive atmosphere that encourages attendees to ask questions and engage in discussion, ensuring a thorough understanding of the material.

The combination of these elements creates a dynamic and engaging learning experience that will support the professional development of all attendees.

Who Should attend?

This program is designed for a wide range of professionals and practitioners who are interested in gaining a deeper understanding of AML and CFT practices, regardless of their industry or sector. This includes professionals from compliance, risk management, legal and regulatory affairs, accounting and audit, financial crime prevention, and financial services. Executives from fintech, gambling industry, real estate, and other relevant sectors are also welcome to attend. The program is tailored to provide attendees with practical insights and knowledge that are applicable across various industries and jurisdictions. Whether you are a seasoned professional or new to the field, this program will help you stay up-to-date with the latest developments and best practices in AML and CFT.

Feedback

Upon completion of the course, all delegates will receive an evaluation questionnaire aimed at gathering valuable feedback. This feedback is crucial to Shasat’s ongoing commitment to improving the quality of its learning solutions. By analyzing the trends in the responses, we are able to continuously enhance and refine our offerings to meet the evolving needs of our clients.

Venue & other info

Our training programs take place at the most prestigious professional training facilities in the city. Our venues have been meticulously chosen and expertly crafted to deliver an unparalleled and sophisticated learning experience. To further elevate your training journey, we will offer an array of refreshments including gourmet tea/coffee, delectable snacks, and a sumptuous lunch to sustain you throughout the course. Your comfort and satisfaction are of the utmost importance to us. One week before the program begins, you will receive comprehensive joining instructions that include the exact venue details.

Please note that accommodation arrangements are the responsibility of the attendee.

Workshop Delivery (Online Programs)

The workshop will be delivered via the WebEx platform. Upon registration, all participants will receive comprehensive joining instructions for the live workshop. This fully virtual event will encompass a live-streamed presentation, personalized networking opportunities, interactive Q&A sessions, engaging polls, and post-event consultation to address specific concerns and support your continued growth.

In-Person Workshop

Please be advised that for all in-person training programs, joining instructions will be sent via email to registered participants one week prior to the program’s commencement. These instructions will provide comprehensive information regarding the venue location, date, and time, as well as other important details such as parking arrangements, dress code, and any necessary equipment or materials. Kindly ensure that you carefully review the joining instructions and follow the guidelines provided to ensure a smooth and well-organized experience during the program.

Changes to the conference

Shasat reserves the right, at its sole discretion, to make modifications to the format, speakers, participants, content, venue location, program, or any other aspect of the conference, at any time and for any reason, without incurring any liability. This policy has been implemented due to recent events such as the Covid-19 pandemic and other jurisdictional restrictions. These modifications may include but are not limited to, changes necessitated by a Force Majeure Event

Sponsorship

We are pleased to offer sponsorship opportunities for our training programs, providing companies with a unique platform to showcase their brand and services to a highly engaged and relevant audience. By becoming a sponsor, your organization will have the opportunity to build brand awareness, demonstrate thought leadership, and cultivate valuable relationships with industry professionals. Our programs offer a platform to reach a targeted audience and generate new business leads while showcasing your expertise. The benefits of sponsorship include increased brand exposure, opportunities to connect with key decision-makers, and a platform to promote your products and services. We invite you to take advantage of this prime opportunity and partner with us to enhance your visibility and impact within the industry.

Terms and Conditions

We kindly request that you carefully review all of the terms and conditions outlined on our website. This information is critical in ensuring a clear understanding of our policies and procedures. Please follow the link provided to access this information.

About shasat

Discover more about Shasat by exploring our “About Us” page, where you can gain insights into our company’s mission, values, and history, and learn how we can help you achieve your goals.

Payment

Enroll in our program with ease by choosing from our secure online payment options. You can make a payment through our website using PayPal or Stripe, or opt for a bank transfer, demand draft, or cheque payment. Our payment page will provide all necessary options during checkout. If you encounter any issues, our customer service team is here to assist you. Simply reach out to us with your selected course, and we’ll guide you through the payment process.

We kindly request that you take into consideration any associated bank fees when making your course fee payment. To ensure your participation in the program, payment must be received before the course date. Once we have received both payment and a completed registration form, we will confirm your enrollment in the program. Thank you for your understanding and cooperation.

Group discount

Our company is proud to offer a group discount of 15% for organizations or individuals who book a course for 5 or more participants. To take advantage of this offer and receive a personalized group discount code, please reach out to our customer service desk at info@shasat.com. Our team will be delighted to assist you with the booking process and answer any questions you may have. With this group discount, you can invest in the professional development of your team and drive success for your organization. Don’t hesitate to contact us today to learn more.

CPD hours

Upon successful completion of the training course, each participant will receive a certificate of completion that attests to the number of hours spent in training and serves as a valuable representation of their dedication to professional development. The certificate is not only a symbol of their achievement but also serves as proof of continuous professional development (CPD) and demonstrates their commitment to staying current in their field. We believe that CPD is a crucial aspect of career advancement and personal growth, and are proud to provide our participants with this important document.

Enquiries

For further assistance, we invite you to contact our dedicated customer service team. Our experienced and knowledgeable representatives are available to answer any questions you may have and provide the support you need to make informed decisions. We are committed to ensuring that you have a positive experience and are here to help in any way we can. Please don’t hesitate to reach out to us at your convenience.

In-House Training

Enhance your team’s skills and drive success for your business with our custom In-house training program. Our tailored approach aligns with your specific business needs, offering a cost and time-efficient solution for upskilling your employees. This not only improves their productivity but also positions your company as a competitive force in the market. Transform your investment in employee development into tangible results by choosing our In-house training option. To discuss and learn more about our services, please don’t hesitate to contact our training desk. We’re ready to help you create a bespoke program that’s just right for you.

AML Compliance Workshop Riga | 2-Day Anti-Money Laundering Training Course | GID 24006