The financial intelligence units (FIU) of the Baltic States have conducted a first joint study of cash flows in the region, BNS reports. The study showed that the risks and vulnerabilities related to the flow of cash have changed in the region in 2019-2022. While there is a significant flow of cash from all three Baltic countries to jurisdictions outside the EU, cash flows from Russia to the Baltic region have reduced significantly. The Baltic countries are primarily used for cash transit, but the use of cash to launder proceeds from the shadow economy and crime is also a problem. The report recommended raising awareness, more cooperation, and harmonising legislation.