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Recently, with the intensification of the fight against money laundering, the volume of orders issued by the Financial Intelligence Unit on the freezing of financial resources has increased significantly. Most of all these activities have affected foreign individuals and legal entities, whose financial resources were frozen in accounts opened in Latvian credit institutions. Mostly, the […]

On March 20, 2020 the Parliament of the Republic of Latvia has adopted a law on measures for the prevention and suppression of threat to the state and its consequences due to the spread of COVID-19, hereinafter referred to as “the Law”, including support measures in relation to the Covid-19 pandemic. The Law contains provisions […]