Latvia regulates AML/CTF through its Financial Intelligence Unit under the Law on the Prevention of Money Laundering and Terrorist Financing. See the obligations and how MemberCheck supports them.
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Latvia supervises AML/CTF compliance through Latvijas Banka for financial and capital market participants and the State Revenue Service for much of the non-financial sector. Its Financial Intelligence Unit, originally established in 1998, receives and analyses reports on unusual and suspicious transactions. The Law on the Prevention of Money Laundering and Terrorist Financing, first drafted in 1997 and updated over time, is the country's principal statute, and as an EU member state Latvia applies measures consistent with the EU Anti-Money Laundering Directives.
Obliged entities must file reports on unusual and suspicious transactions, screen customers against sanctions, PEP, and regulatory lists, and apply customer due diligence. Supervisors expect coordination with government agencies and a documented internal compliance framework.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
Latvijas Banka supervises financial and capital market participants for AML/CTF compliance, having absorbed the Financial and Capital Market Commission on 1 January 2023, and the State Revenue Service supervises much of the non-financial sector. Latvia's FIU, originally established in 1998, separately receives and analyses reports on unusual and suspicious transactions.
Latvia's principal AML statute, first drafted in 1997 and updated over time. It sets reporting, sanctions compliance, and customer due diligence duties for obliged entities.
As an EU member state, Latvia applies AML/CTF measures consistent with the EU Anti-Money Laundering Directives and wider European regulatory provisions.
Obliged entities must screen clients against sanctions, PEP, and regulatory lists, including lists of persons suspected of involvement in terrorist activity.
Latvijas Banka is the AML/CTF supervisor for financial and capital market participants, a role it took over when the Financial and Capital Market Commission was integrated into it on 1 January 2023. The State Revenue Service supervises much of the non-financial sector, including accountants and independent legal professionals. Latvia's Financial Intelligence Unit, originally established in 1998, is a separate body that receives and analyses reports on unusual and suspicious transactions.
The Law on the Prevention of Money Laundering and Terrorist Financing, first drafted in 1997 and updated over time, is Latvia's principal statute, setting reporting, sanctions compliance, and customer due diligence obligations.
Yes. As an EU member state, Latvia applies AML/CTF measures consistent with the EU Anti-Money Laundering Directives, and it is a member of MONEYVAL.
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
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