Thus, the level of money laundering and terrorism financing risk is medium-high. This assessment is definitely a cause for concern, but the AMLC has bolstered and implemented risk-mitigation AML/CTF strategies and initiatives, even in the face of the pandemic.
While we hope for a swift end to this unjustified war, currently the risks that the war in Ukraine escalates remain high. We are experiencing an unprecedented degree of uncertainty. This is worrying, as numerous surveys and reports show that uncertainty is the largest barrier for private corporate investment in the Baltics. Fortunately, policymakers can address this.