Please be informed that in view of Regulation No. 135 adopted by the Financial and Capital Market Commission, which carries out the supervision of Latvian banks, taking effect, i.e. “Regulations on the Establishment of Customer Due Diligence, Enhanced Customer Due Diligence and Risk Scoring System”, the scope of customers regarding whom the bank is liable to perform enhanced due diligence and identify the source of funds on a regular basis, is increasing significantly.
The performance of such due diligence requires considerable time and material resources from the bank, as well as the attraction of highly qualified dedicated experts for such work on a permanent basis.
Therefore, starting from 1 February 2020, an effective tariff of EUR 200 per hour for analysis of the operations on the accounts of the client will be applied to customers regarding whom the performance of due diligence is required in accordance with
Regulation No. 135.
Regulation No. 135, including the list of customers whom the due diligence requirements pertain to, are available
here (in Latvian).
For your convenience, we have also prepared an unofficial translation of the Regulations in English, which can be found
here.
For any queries in connection with this, please contact your Personal Manager or Information Service of the bank by phone: +371 67025555 or by e-mail:
[email protected] .
