Fraud and AML have long been run as separate worlds, but with AMLR and PSR approaching, institutions across Europe are rethinking that split. On 14 October, this question brought close to 100 MLROs, compliance leads and financial crime practitioners from Latvian banks, EMIs, PSPs and fintechs to Riga for the first Latvian edition of FinCrime Fighters, our event series for the financial crime community.
Eglė Kontautaitė, Head of Regulatory Affairs at AMLYZE, opened the morning with a keynote on moving from parallel frameworks to connected controls. It was followed by a panel moderated by AMLYZE Co-Founder Alexandre Pinot, which brought together supervisory and industry perspectives:
- Toms Platacis, Head of the Financial Intelligence Unit of Latvia
- Kristaps Markovskis, Head of the AML Department, Latvijas Banka
- Gundega Genca, Head of Compliance, Swedbank Latvia
- Diāna Ozola, Head of AML/MLRO, Nectaro
The discussion centred on four questions:
- Who owns fraud inside the institution, and does that change once PSR obligations apply?
- What do supervisors expect from a converged control framework?
- Does connecting fraud and AML signals actually produce better intelligence?
- What is a realistic sequencing for a small compliance team?
We are grateful to our speakers and to everyone who joined for such an open and practical discussion. With Riga now alongside Vilnius, Warsaw and Luxembourg on the FinCrime Fighters map, we look forward to continuing the conversation in Latvia.
Moments from FinCrime Fighters Latvia 2026 event:
