20.09.2010, 10:02

http://balticbusinessnews.com/article/2010/09/20/Baltic_tax_authorities_join_forces_to_combat_money_laundering

The heads of the Latvian, Lithuanian and Estonian Financial Crime Investigation Services have agreed on closer cooperation to halt money laundering activities in the Baltic region, writes The Baltic Course with reference to LETA.

At a meeting in Riga, the heads of Latvian SRS Finance Police Department, Investigation Department of Estonian Tax and Customs Board and Lithuanian Financial Crime Investigation Service also discussed the latest developments in strategic and intelligence work.

According to Kaspars Cerneckis, head of the Finance Police Department at the State Revenue Service (SRS), the cooperation will involve both exchanging information and strategy.

The cooperation will facilitate seizing illegal money in bank accounts, arrest properties and prevent damage to the financial systems of the three countries, according to Cerneckis.

The officials also held a discussion on organized crime in the state revenue sector in the Baltic region.