Amendment Of Payment Services And Electronic Cash Law

Original Language Title: Grozījumi Maksājumu pakalpojumu un elektroniskās naudas likumā

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Read the untranslated law here: https://www.vestnesis.lv/op/2016/108.5

The Saeima has adopted and the President promulgated the following laws: the amendment and payment services, electronic money in the law to make payments and electronic money Services Act (Latvian journal 2010, nr. 43; 2011, 52, 85 no; 2013, 128, 187. no; by 2014, 2015, 92 no; 248. no) the following amendments: 1. Supplement article 11, first paragraph, paragraph 10, after the word "commitments" with the words "criminal money laundering and terrorist financing prevention compliance responsible persons". 2. Article 20, first paragraph: Add to subparagraph after the word "commitments" with the words "criminal money laundering and terrorist financing prevention requirements" of persons responsible; Add to paragraph 2, after the word "year" with the word "appropriate". 3. Supplement article 21, first paragraph, after the word "commitments" with the words "criminal money laundering and terrorist financing prevention requirements of the person in charge". 4. transitional provisions be supplemented by the following paragraph 16: "16." payment services, electronic money institutions and criminal money-laundering and terrorist financing prevention requirements of persons responsible for compliance with this law, article 20 and 21 of the till 2017 January 1. " The Parliament adopted the law of 19 may 2016. The President r. vējonis 2016 in Riga on June 6.