AML / CFT

What sanctions should be complied with by institutions supervised and monitored by Latvijas Banka.

What should be taken into account in relation to new sanctions imposed by the European Union on Russia and Belarus.

Answers to frequently asked questions on sanctions, their application and impact on financial transactions and relations with financial institutions.

What is money laundering and information on customer due diligence.

List of legal acts pertaining to the prevention of financial crime.

Practical AML Guide for financial institutions in conducting customer due diligence and improving internal control systems.

Results of the inspections carried out by Latvijas Banka and the best practice in the area of prevention of financial crime (AML).

The guidelines include general principles in addition to industry-specific commentary, and examples of best and less appropriate practice.