Anti-Money Laundering (AML) and Sanctions
Who We Are
The requirements of the current Anti-Money Laundering and Sanctions regulations of Latvia and the European Union are very comprehensive and cumbersome, especially for those who are subjects of the applicable AML/ Sanctions laws of Latvia and the European Union. VILGERTS’ professional and experienced AML background provides our clients with full scope AML/Sanctions services to achieve full regulatory compliance, as well as to assist our clients with understanding how the rules are applied in practice.
Practice In Detail
- AML/Sanctions audit
- AML/Sanctions documentation
- Registration of UBO
- Training for employees
Team
Experience
Advising various leading companies throughout 2021 on developing their internal AML/KYC guidelines and procedures
December 20, 2021
Advising a client in AML audit proceedings performed by the State Revenue Service
August 10, 2021
Advising LATIO in connection with the organization of PNB bank real estate auctions over the Internet
August 31, 2020
Provided legal advice on the possible effect to the commercial activities of the client’s group companies in relation to OFAC sanctions imposed to Aivars Lembergs.
January 11, 2020
Assisted various legal service providing companies throughout year 2019 by developing their internal AML/KYC procedures.
December 27, 2019
Audited consumer financing service provider Creamfinance and developed its internal AML/KYC procedure.
December 3, 2019
When assisting East Capital Real Estate AS in acquisition of a company that owns a new warehouse near Riga Airport with tenants including such industry leaders Printful and Elko and conducting a legal due diligence of the target company, we conducted AML compliance check for the target company.
November 15, 2019
Audited one of the top IT companies in the Nordic countries Visma Consulting and developed its internal AML/KYC procedure.
November 8, 2019
Audited cryptocurrency exchange provider and developed its internal AML/KYC procedure.
October 23, 2019
Advised and assisted clients with determination and registration of ultimate beneficial owner (UBO) for complex corporate structures.
October 6, 2019