Republic
of Latvia
Cabinet
Regulation No. 407
Adopted 27 August 2019
|
Regulations Regarding the
Procedures for the Submission of the Threshold Declaration and
Content Thereof
Issued pursuant to
Section 31.3 of the Law on the Prevention
of Money Laundering and Terrorism
and Proliferation Financing
1. The Regulation prescribes the cases when the threshold
declaration shall be submitted, the procedures for the submission
of the threshold declaration and content thereof, and also
approves the threshold declaration form.
2. Subjects of the Law on the Prevention of Money Laundering
and Terrorism and Proliferation Financing (hereinafter - the
subjects of the Law) shall, in the cases referred to in Paragraph
5 of this Regulation, submit a weekly threshold declaration to
the Financial Intelligence Unit of Latvia on each transaction
made in the previous period between the subject of the Law and
its customer (hereinafter - the transaction).
3. Within the meaning of this Regulation, the previous period
shall be the period from the date of submission of the previous
threshold declaration.
4. The subjects of the Law shall submit a threshold
declaration on each transaction which conforms to the sum in
euros referred to in Paragraph 5 of this Regulation or to its
equivalent in another currency according to the euro reference
rate published by the European Central Bank on the day of the
transaction. If such foreign currency is used in the transaction
for which the European Central Bank does not publish the euro
reference rate, the most recent currency market rate in relation
to euro published in a periodical of a provider of financial
information recognised by the global financial market or on its
website shall be used for calculations.
5. The subjects of the Law shall submit the threshold
declaration to the Financial Intelligence Unit of Latvia in the
following cases:
5.1. in relation to all subjects of the Law, insofar as they
provide services related to cash transactions or cross-border
payments:
5.1.1. the customer makes a cash transaction the amount of
which is equivalent to EUR 7000 or more;
5.1.2. the customer sends or receives a cross-border payment
the amount of which is equivalent to EUR 500 000 or more;
5.2. in relation to insurance merchants and intermediaries,
insofar as they perform or provide life insurance or other
insurance services related to the accumulation of funds - the
amount of insurance indemnities disbursed or the surrender value
is equivalent to EUR 100 000 or more;
5.3. in relation to private pension funds - the amount of
supplementary pension capital disbursed is equivalent to EUR 100
000 or more;
5.4. in relation to capital companies and credit institutions
engaged in the purchase and selling of cash in foreign currency -
a transaction in which a customer buys or sells foreign currency
in cash for an amount equivalent to EUR 5000 or more;
5.5. in relation to organisers of lotteries and gambling - a
transaction the amount of which is equivalent to EUR 2000 or more
and where a prize is disbursed to the customer or settlement of
accounts is performed with the customer, and also if the customer
purchases, sells or exchanges means for participation in the game
or exchanges the currency for such purpose, replenishes the
interactive gambling and interactive lottery account or withdraws
means from it in the amount equivalent to EUR 2000 or more;
5.6. in relation to persons engaged in handling of art and
antique articles - the amount of the transaction is equivalent to
EUR 50 000 or more.
6. The subjects of the Law shall submit the threshold
declaration electronically through the website
(https://zinojumi.fid.gov.lv) maintained by the Financial
Intelligence Unit of Latvia.
7. Upon submitting the threshold declaration, the subject of
the Law shall fill in the form specified in Annex to this
Regulation in electronic form or shall upload an XML file that
has been created according to the content of the form referred to
in Annex to this Regulation.
8. This Regulation shall come into force on 17 December
2019.
Prime Minister A. K. Kariņš
Minister for Finance J. Reirs
Annex
Cabinet Regulation No. 407
27 August 2019
Content of the Threshold
Declaration Form
(to be submitted on
zinojumi.fid.gov.lv)
*a = letter; x = letter, digit, or symbol; d = decimal; n =
digit
Information to be
included |
Name of the field |
Format of the data in a field
(*) |
Value of the field |
Field value category |
1 |
2 |
3 |
4 |
5 |
Information
type |
Information
type |
Max2(a) |
Information type -
value S |
Text |
Threshold declaration submission data |
Year of
submission |
Max2(n) |
Last two digits of
the year when the declaration was submitted |
Number |
Date of issue |
YYYY-MM-DD |
Declaration
submission date in the date format YYYY-MM-DD |
Date |
Information on the subject of the Law - submitter of the
threshold declaration |
Reporter group |
Max2(a) |
Code of the group
of the submitter of the threshold declaration according to
the Classification |
Text |
Reporter code |
Max4(n) |
Reporter code |
Code |
Information on the subject of the Law - legal person |
Name |
Max128(x) |
Name of the legal
person in letters of Latvian or Latin alphabet without
quotation marks or apostrophes |
Text |
Form of the legal
person |
Max60(x) |
Form of economic
activity of the legal person according to the
Classification |
Code |
Registration
number |
Max32(x) |
Registration number
of the legal person in the public register |
Code |
Country |
Max2(a) |
Country of
registration of the legal person (two-letter code) |
Code |
Reporter SWIFT
code |
Max11(x) |
SWIFT code of the
legal person according to the SWIFT standard |
Code |
Information on the subject of the Law - natural person |
Given name |
Max64(x) |
Given name(s) of
the natural person in letters of Latvian or Latin alphabet.
Separator between words - space or hyphen (-) |
Text |
Surname |
Max32(x) |
Surname(s) of the
natural person in letters of Latvian or Latin alphabet.
Separator between words - space or hyphen (-) |
Text |
Personal identity
number |
Max12(x) |
Personal identity
number of the natural person assigned in Latvia |
Code |
Date of birth |
YYYY-MM-DD |
Date of birth of
the natural person in the date format YYYY-MM-DD |
Date |
Country of issue of
the passport or identification document |
Max2(a) |
Country of issue of
the passport of the natural person (two-letter code) |
Code |
Declaration
number |
Declaration number
in the year |
Max6(n) |
Declaration number
of the submitter of the threshold declaration in the
year |
Number |
Threshold
declaration indication |
Threshold
declaration indication |
Max3(x) |
Threshold
declaration indication according to the Classification |
Code |
Place
of Transaction |
Whether the
transaction was made at the subject (type of a transaction
institution) |
Max(2)x |
Choice of the
transaction institution according to the Classification
(reporting institution) |
Code |
Transaction
institution SWIFT |
Max11(x) |
SWIFT code of the
legal person according to the SWIFT standard |
Code |
Country of
registration of the institution |
Max2(a) |
Country of
registration of the transaction institution (two-letter
code) |
Code |
Registration number
of the institution |
Max32(x) |
Registration number
of the transaction institution in the public register |
Code |
Information on the threshold transaction |
Status of the
transaction |
Max64(x) |
Status of the
transaction according to the Classification |
Code |
Transaction
date |
YYYY-MM-DD |
Date when the
transaction was made in the date format YYYY-MM-DD |
Date |
Code of the
transaction type |
Max3(x) |
Code of the
transaction type according to the Classification |
Code |
Transaction
currency |
Max3(a) |
Code of the
transaction currency according to the Classification |
Code |
Transaction
sum |
Max16(d) |
Transaction sum in
one currency format 0.00 |
Number |
Information on the
participant or participants of a threshold transaction |
Indication on the
connection of the transaction participant with the submitter
of the report - the subject of the Law |
My customer |
Max 2(a) |
Indication on the
affiliation of the participant to the reporting institution
according to the Classification "Is it my customer". Codes:
yes/no |
Code |
Information on the account of the transaction
participant |
SWIFT code of the
transaction participant |
Max11(x) |
SWIFT code of the
account of the transaction participant according to the SWIFT
standard |
Code |
Account of the
transaction participant |
Max32(x) |
Account of the
transaction participant in an IBAN format: the maximum length
for accounts in Latvia - 21 character, for other accounts -
32 characters |
Code |
Role of the
transaction participant |
Role of the
person |
Max2(a) |
Role of the person
according to the Classification |
Code |
Transaction participant - legal person |
(1) Name of the
legal person |
Max128(x) |
Name of the legal
person in letters of Latvian or Latin alphabet without
quotation marks or apostrophes |
Text |
(2) Form of the
legal person |
Max60(x) |
Form of economic
activity of the legal person according to the
Classification |
Text |
(3) Country of
registration of the legal person |
Max2(a) |
Country of
registration of the legal person (two-letter code) |
Code |
(4) Registration
number of the legal person |
Max32(x) |
Registration number
of the legal person in the public register |
Code |
(5) Country of
residence of the legal person |
Max2(a) |
Country of address
of the legal person (two-letter code) |
Code |
(6) Address of the
legal person |
Max128(x) |
Address of the
legal person in letters of Latvian or Latin alphabet |
Text |
Transaction participant - natural person |
(1) Given name of
the natural person |
Max64(x) |
Given name(s) of
the natural person in letters of Latvian or Latin alphabet.
Separator between words - space or hyphen (-) |
Text |
(2) Surname of the
natural person |
Max32(x) |
Surname(s) of the
natural person in letters of Latvian or Latin alphabet.
Separator between words - space or hyphen (-) |
Text |
(3) Personal
identity number of the natural person assigned in Latvia |
Max12(x) |
Personal identity
number of the natural person assigned in Latvia |
Code |
(4) Date of birth
of the natural person |
YYYY-MM-DD |
Date of birth of
the natural person in the date format YYYY-MM-DD |
Date |
(5) Identification
document of the natural person issued in a foreign
country |
Max32(x) |
Personal identity
number of the natural person assigned in a foreign
country |
Code |
(6) Country of
issue of the foreign identification document of the natural
person |
Max2(a) |
Country of issue of
the identification document of the natural person issued
outside Latvia (two-letter code) |
Code |
(7) Number of the
personal identification document of the natural person |
Max32(x) |
Number of the
personal identification document of the natural person |
Code |
(8) Country of
issue of the personal identification document of the natural
person |
Max2(a) |
Country of issue of
the personal identification document of the natural person
(two-letter code) |
Code |
(9) Country of
residence of the natural person |
Max2(a) |
Country of address
of the natural person (two-letter code) |
Code |
(10) Address of the
natural person |
Max128(x) |
Address of the
natural person in letters of Latvian or Latin alphabet |
Text |
Information on the beneficial owner (BO) of the transaction
participant |
Type of BO |
Max12(x) |
Indication on the
type of BO according to the Classification |
Code |
Data of
the natural person according to the fields
"Transaction/activity participant - natural person" |
Information on the
relation of the transaction participant - natural person - to
a politically exposed person (PEP) |
Whether the person
is a PEP |
Max6(x) |
Indication -
whether the transaction participant is a politically exposed
person. Codes: yes/no/don't know |
Code |
Minister for Finance J. Reirs
Translation © 2020 Valsts valodas centrs (State
Language Centre)