News

Scammers are becoming increasingly sophisticated and deceptive. They impersonate representatives from local eSignature companies, "Google", State Banks, State Police, State Financial institutions, or even emergency medical services with the goal of stealing personal data, gaining access to eSignature or Smart-ID, and ultimately - your money. Most people lose funds through credit transfers or card payments, and many of these transactions are approved by the victims themselves.

New guidelines from Latvia’s Financial Intelligence Unit (FID) and insights from the June 2025 FATF report highlight growing risks of indirect sanctions evasion - particularly through countries like China, Turkey, Kazakhstan, and others. These red flags aren’t just relevant to Latvian companies. The same principles apply across the Baltics, where businesses in finance, logistics, IT, and trade must remain alert to hidden end-users, suspicious trade routes, and deceptive intermediaries. FID and FATF guidelines outline practical steps for Baltic companies to assess sanctions risks and avoid becoming part of illicit networks.