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Last year, SP received the first report ever about possible terrorism funding activities

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn 2015, the Money Laundering Prevention Service had submitted a report to Latvian Security Police for the first time in regards to possible terrorism funding activities in the country.

Six materials had been sent to SP about possible terrorism funding activities, as reported by the Chief of Money Laundering Prevention Service Viesturs Burkans to Saeima Defence, Internal Affairs and Corruption Prevention Committee.

The service receives dozens of reports every year. Most often those reports are sent by credit institutions. Inspections of reports usually reveal nothing suspicious. Last year, however, was the first when the service had sent materials to SP detailing matters related to terrorism funding activities. Four reports have been sent to SP this year already.

Burkans explained that SP still has to carry out an investigation to make sure no crime was committed. «These reports were sent because we have justified reasons to suspect that is [terrorism funding] has taken place. We’ve been receiving information about such possible crimes since 2001. So far, however, there has been no reason for concern,» – added Burkans.

Burkans did not mention any specific amounts of money in the possible terrorism funding activities. «Three to four digit numbers, as far as we know,» – he said.

He also did not say if the possible terrorism funding was carried out through Latvian banks. SP will handle the investigation from here.

Burkans also added that materials sent to DP should not be associated with Latvia’s overall terrorism threat level. «Financing is one thing, but terrorism itself is another thing entirely,» – he added.

Ever since the 9/11 terrorist attack in USA, SP has been using a terrorism funding prevention system that is based on a database, materials gathered from security institutions and a network of informants. A special department is in charge of compiling and processing information, creating databases and other related tasks.

Last year, the service received a total of 96 reports about 124 cases of possible terrorism funding activity. In 2014, the service received 39 reports detailing 52 cases.

Ref: 102.109.109.4895


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