Economic and financial crime in Latvia include a wide range of illegal acts. These are, but are not limited to, the sale of illegal goods and services, fraud, embezzlement, racketeering, white collar crime, counterfeiting, money laundering, corruption and tax evasion. Many forms of economic criminal activity are difficult to understand, detect, and investigate, leading to a perception that they are low-risk and high-reward crimes. If law enforcement efforts stall or are otherwise ineffective, economic crimes may pose a significant threat to the nation’s business community and economy. The volume and obfuscation of economic crimes in Latvia present a persistent challenge for law enforcement investigations, and have led to on-going efforts to strengthen authorities’ ability to detect, investigate and successfully prosecute them.