Legislation
Rietumu Bank operates in accordance with the following laws and regulations covering the field of Anti-Money Laundering and Combating Financing Terrorism (unofficial translation of titles of laws and regulations is provided):
- The law of the Republic of Latvia “On the Prevention of Laundering of Proceeds Derived from Criminal Activity and Terrorist Financing”
- Regulations of the Cabinet of Ministers No. 1071 “On the List of Indicators of Unusual Transaction and Procedure of Reporting of Unusual and Suspicious Transactions”
- Regulations of the Financial and Capital Market Commission for Enhanced Customer Due Diligence
- United List of Terrorists of the Prosecution Office of the Republic of Latvia
- Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing
- Regulation (EC) No 1781/2006 of the European Parliament and of the Council of 15 November 2006 on information on the payer accompanying transfers of funds
- USA Patriot Act;
- Wolfsberg principles
- Guidelines of correspondent banks of JSC “Rietumu Banka”
- The FATF Forty Recommendations
The translation of laws and regulations of Latvia is available here: http://www.fktk.lv/en/http://www.ttc.lv/
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