The Republic of Latvia Cabinet of Ministers 1998 July 7, Regulation No 246 (in Riga. No 36, 30, §) rules on financial transactions of unusual signs Issued in accordance with the law "on laundering" article 11, first paragraph, point 1 1. these provisions define the unusual transaction characteristics inans f list (hereinafter list) containing signs may indicate a criminal money laundering or legalization attempt.
2. Unusual financial transactions within the meaning of this provision is a transaction that meets at least one of the signs referred to in these provisions.
3. Of credit and financial institutions are obliged under the law to report immediately to Criminal money laundering prevention service (hereinafter referred to as the control authority) in accordance with the form of the report drawn up for each of the samples referred to in these provisions amount to in dollars or its equivalent in any currency in the financial deal that is supposed to start or made and which features meet at least one of the characteristics referred to in these provisions.
4. This provision, in paragraph 3, the latter's inspection service shall submit reports on criminal money laundering or attempted laundering of the cases which have already been reported or is reported to law enforcement authorities.
5. the Financial transactions of the IC can be related to criminal money laundering or attempted laundering and therefore be considered unusual if it meets at least one of the following characteristics: transactions: 5.1 5.1.1. all kinds of transactions with cash and the amount is 50000 dollars or more, excluding the cost of the budgetary authority;
5.1.2. transactions in lats and over 10000, which coin or small denomination banknotes substituted for larger nominal banknotes or vice versa, or to other such banknotes of the same denomination;
5.1.3. transactions in lats and over 10000, which is associated with the check, traveler's check or similar means of payment of the purchase or sale for cash;
5.1.4. the customer using a credit card or other payment card, month removes 50000 dollars in cash and more;
5.1.5. the transactions using the transfers, which, without opening the account, transferred to 50000 dollars and more (transfer, money transfer, by customer, by postal, telegraphic or electronic mail services, including the Internet, and does not include interbank telegraphic transfer, which is a client of the bank — the sender and the ultimate beneficial owner);
5.2. the gambling: 5.2.1 the client in one or more times to set the amount of money in 10000 lats and more;
5.2.2. Ctr agent by changing the membership of the game means (tokens, etc.), remove the check, or change the currency for an amount of 10000 lats and more;
5.3. investment securities (short-term money market instruments, long-term securities, shares, bonds and investment fund certificates): 5.3.1. credit institutions or brokerage firms to the client for the services performed, and transactions with securities settlement, making a one-time cash payment, and the payment amount is LVL 10000 and more;
5.3.2. a credit institution or a brokerage firm client investments are made in securities, paying in cash, and the volume of transactions per month are 50000 dollars or more;
5.3.3. vehicle company (brokerage company) and when: 5.3.3.1. vehicle company's founders do not represent any financial institutions or enterprises (companies) and securities invested money in lats and 25000 more or are linked to customers and the market does not appear on the information society services;
5.3.3.2. the number of customers is a small (up to five customers) and they represent institutions registered in tax-free or low taxation countries and areas mentioned in the Cabinet's 31 March 1995 No 69 the provisions of the "rules on duty-free or low taxation countries and areas";
5.3.3.3. vehicle company (natural person) in the name of privatization certificates to purchase for the amount of money in lats and 25000 more or they are owned securities accounts and over 50000 lats;
5.3.3.4. statements on transactions would unduly raise transaction costs, fees or revenues;
5.4. insurance: 5.4.1 the first (or only) premium for life insurance paid in cash and over 25000 lats or contributions used for the guarantee covers the US;
5.4.2. the insurance bond enforcement, the customer receives a cheque for the amount of 25000 lats and more;
5.4.3. the insurance bond, on which the insurance company customer, the company (a company) in a foreign country requests to convert money, and the amount is 25000 lats and more;
5.4.4. the insurance contract (policy), which provides that the insurance premium is 25000 dollars and more, in any of the following cases: 5.4.4.1 the current. insurance premium contribution was in cash and the policyholder shall terminate the insurance contract until it expires;
5.4.4.2. the insurance premium contribution from duty-free or low taxation countries and areas mentioned in the Cabinet's 31 March 1995 No 69 the provisions of the "rules on duty-free or low taxation countries and areas";
5.4.4.3. insured person changed to another person who has no affinity with the policyholder, and the conclusion of the purchase contract;
5.4.4.4. the person who requests the costs of claims in cash or by check, no affinity with policyholders;
5.4.4.5. policyholders shows no concern about significant taxes or other penalties associated with early termination of the contract by the policyholder.
6. Credit institutions and financial institutions must report the inspection service also for those transactions that are initiated prior to the entry into force of these regulations and shall continue after the entry into force of these regulations, and complies with the conditions laid down in these provisions.
 
Prime Minister Minister of finance g. Coast in place economic Minister l. Strujevič in accordance with the following provisions: p. 6, under "sectoral documents, messages," the Prosecutor's Office of the Republic of Latvia in monitoring Criminal money laundering prevention service (control service) information. "EN"