In accordance with the Republic of Latvia Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing, when establishing relationship with the client as well as during cooperation with the client, the bank is entitled to request, and the client is obliged to provide, the information and documents on the following:
Please note that the information and documents provided to the bank should be sufficient for comprehensive due diligence; otherwise, the bank will have to terminate the relationship with the client, which can involve requesting early fulfilment of the client’s obligations. Moreover, the bank will have to make a decision on terminating the relationship with other clients whose beneficial owners are the same, and this can also result in requesting early fulfilment of the obligations of those clients.
The bank guarantees the confidentiality of the received information as well as the confidentiality of the client’s identity, accounts, deposits, and transactions within the framework of the laws and regulations of the Republic of Latvia.