Amendments To The Proceeds Of Money Laundering And Terrorist Financing Prevention Act

Original Language Title: Grozījumi Noziedzīgi iegūtu līdzekļu legalizācijas un terorisma finansēšanas novēršanas likumā

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Read the untranslated law here: https://www.vestnesis.lv/op/2016/31.7

The Saeima has adopted and the President promulgated the following laws: amended Criminal money laundering and terrorist financing Prevention Act, to make the Crime of money laundering and terrorist financing Prevention Act (the Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 2008, no. 16; 2009, no. 2; Latvian journal, 2009, 196, 205. no; 2011, 60 no; in 2012, 100 no; 2013, 187, 227. no; 2014, 172, 257. no; 2015, 124 no). the amendments are as follows: 1. Article 1: Express 18 as follows: "an important political person 18): a person who, in the Republic of Latvia, in another Member State or in a third country or has taken plays an important public posts, including the national senior officials, national administrative units (municipalities), the head of Government, Minister (Deputy Minister or the Deputy Minister, if the country concerned is such a position), the Secretary of State or other top officials in the Government or the State of the administrative unit (municipality) , a member of Parliament or similar legislative bodies, Member of political party's governance structure (Management Board), Member of the Constitutional Court, the Supreme Court or other courts (judicial institutions of the Member States), Supreme Audit (audit) of the Council of the authority or a member of the Board, Council or a central bank Board Member, Ambassador, Chargé d'affaires, senior armed forces officer, National Council of the Corporation or of the Board, international organizations (the Director, the Deputy Director) and member of the Board or a person that this organization plays an equivalent post; " Add to article 18.1 and 18.2 points with the following wording: "181) significant political person's family member — who is this article 18: (a) the person referred to in) the spouse or the spouse of the person treated. The person of the spouse of a person considered to be comparable only if national law it determines this status, (b)) a child or significant political persons spouse or the spouse of a person of similar child, his spouse or spouse equivalent person, c) parent, grandparent or grandchild, d) brother or sister; the political significance of the 182) with a person closely related person, natural person, which is known to have a business or other relationship with any of the 18 of this article, the persons referred to in point or is a shareholder or member of the same company with one of the 18 of this article, the persons referred to in point, as well as the natural person who is only a legal arrangement holder What is known is that it actually created this article the person referred to in paragraph 18; ". 2. the third paragraph of article 4: to express the point 1 and 2 by the following: "1) which is included in any of the Cabinet in a certain country or international organisation drawn up the list of persons who are suspected of involvement in terrorist activities or the manufacture of weapons of mass destruction, storage, handling, use, or distribution; 2) which is included on the international and national sanctions of the Republic of Latvia Law basic Cabinet sanctions drawn up the list of entities in order to fight against the involvement in terrorist activities or the manufacture of weapons of mass destruction, storage, handling, use or distribution; "; consider the current paragraph 2 of point 3. 3. Make the second paragraph of article 22, paragraph 2 as follows: "2) launching and maintaining business relations with the customer — politically significant person, politically important person's family member or with a significant political party closely linked person;". 4. Article 25: put the name of the article as follows: "article 25. Business relations with the politically significant person, politically important person's family and with significant political person closely connected person "; Add to the first and second subparagraph following the words "significant political person" with the words "or politically significant person in the family, or with significant political person closely connected person"; to make the third part of the introductory paragraph as follows: "(3) if the customer or its actual beneficiary of significant political person or persons important political family, or with significant political person closely related person, the subject of the Act shall take the following measures:"; to make the fourth subparagraph by the following: "(4) subject to the law, maintaining business relations with the politically important person or an important political person, or a family member with a significant political entity closely related person, constantly monitor customer transactions taken."; to supplement the article with a fifth by the following: "(5) subject to the Act, based on a risk assessment, to apply this law terminated 22. article in-depth customer research in relation to its compliance with the major political parties, the political significance of the person or family member with a significant political entity closely associated persons, if: 1) the significant political person dies; 2 major political party) no longer occupies an important public posts under this law, article 1, paragraph 18, for at least 12 months and the business relationship no longer causes increased criminal money laundering risk. " 5. the transitional provisions be supplemented with 12, 13, 14 and 15 the point as follows: "Cabinet of Ministers issued 12 rules for States and international organizations which have been drawn up lists of persons who are suspected of involvement in terrorist activities or the manufacture of weapons of mass destruction, storage, handling, use, or distribution. Up to this point in the first sentence of the Cabinet of Ministers regulations referred to the date of entry into force, but no longer than up to 2016 April 1 in force in the Cabinet of Ministers of 13 January 2009. of Regulation No. 36 "provisions for States and international organizations which have been drawn up lists of persons who are suspected of involvement in terrorist activities". 13. This law, article 4 paragraph 2 of the third paragraph (new version) enter into force simultaneously with the international and the national of the Republic of Latvia the penalty of the law. 14. with regard to the business relationship with the customer — politically significant person who takes or has taken a significant public posts in the Republic of Latvia, as well as with the political significance of the family or the person with the politically significant person closely related person — this law, article 22, paragraph 2, second subparagraph, article 25 of the first, third and fourth requirements set out in part a of the law subject provides up to 1 June 2016. 15. with regard to the customer — politically significant person who takes or has taken a significant public posts in the Republic of Latvia, as well as to the political significance of the family or the person with the politically significant person closely connected person, that business relationship initiated to this law, article 1, paragraph 18 a (new) the date of entry into force of this law, article 22, paragraph 2, second subparagraph, article 25, second , the third and fourth requirements set out in part a of the law subject provides up to 2016 December 1. " The Parliament adopted the law of 4 February 2016. The President of the Parliament instead of the President i. Mūrniec Riga 2016 February 15.