One of the Bank's priorities is safekeeping and protection of it's own and it's Customers' business reputation, by eliminating the involvement of the Bank in money-laundering and terrorism financing.
That is why the Bank on a regular basis carries out measures to prevent money-laundering and terrorism financing in order to ensure that Customers' account's operations are in compliance with Latvian legislation requirements and international standards in this area. According to the Latvian Anti money-laundering and combating terrorism financing Law from August 13,2008, regulatory rules of FCMC about Customer's Enhanced due Diligence from September 2,2008, and also based on Basel Committee guidances, Wolfsberg principles and FATF recommendations it's necessary at the account opening:

• submit detailed information about purpose of account opening;
• business activities;
• submit datas of beneficiary owners.

The Bank is also entitled to ask the customer for additional information and / or documents related to the account opening and / or further work . Bank guarantees the confidentiality of information received, as well as the secrecy of Customers' personal data and information on their accounts, deposits and transactions within the stipulated regulations of the Republic of Latvia.

Trust relationship assists to reliable and quick accomplishment of operations, that is why in attracting Customers and choosing partners JSC “Latvijas pasta banka" adheres to the principles of "Know Your Customer" policy . With timely and complete information about the Customer and its activities, the Bank is ready for productive and long-term cooperation, providing quality service and protecting interests of it's Customers.