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What enhanced due diligence means for banks and their customers?

Jan 22, 2020
Citadele banka, 5th floor, Republikas laukums 2A
On January 22, members were invited to the roundtable discussion with banking sector professionals from Citadele banka, SEB Latvia and Swedbank Latvia to hear the way forward for cooperation between banks and corporate customers in compliance with the most up-to-date AML and CFT regulations. The event was hosted by Citadele banka.
 
Experts of the discussion were as follows: 
- Juris Bogdanovs, Co-chair, Compliance and Control Committee at the Finance Latvia Association & Board member, Head of Risk Management at Swedbank Latvia spoke on lessons learned in the past years and new trends in combating money laundering;
- Kārlis Danēvičs, Co-chair, Lending Committee at the Finance Latvia Association & Board member, responsible for AML and KYC area at SEB Latvia explained risk perception of banks;
- Uldis Upenieks, Chief Compliance Officer, Member of the Management Board at Citadele banka & Co-chair of the Finance Latvia Association's Compliance and Control Committee opened the roundtable discussion on cooperation between banks and corporate customers in the new regulatory environment.

As discussed at the meeting, we would welcome your feedback about the experience our members have had working with the banks in Latvia in the past year. The feedback will be summarized and communicated with the FCMC and our member banks. If you are ready to disclose your specific case, please take a moment fill out a short anonymous survey HERE  

 
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