In accordance with Section 2, Paragraph two of the International and Republic of Latvia Law on National Sanctions, all persons have an obligation to comply with and comply with international and national sanctions. It requires everyone to carry out an investigation of their counterparties and to make sure that the individual or legal person concerned is not subject to international or national sanctions. This also applies to capital transfer transactions and the right of authorised persons to establish legal persons and to register business relationships in the registers of the Enterprise Register.

In order to ascertain whether international or national sanctions have not been applied to the natural or legal person concerned:

• we call for an investigation into the database maintained by the Financial Intelligence Service, which summarises information on natural and legal persons subject to international or national sanctions.
• everyone is also obliged to comply with the sanctions imposed by the Office of Foreign Assets Control and to verify that the counterparty is not included in this sanctions database. We also ask you to familiarise yourself with the Ministry of Foreign Affairs's clarification on sanctions.

We call for more than the sanctions to follow the information published on the website of the Ministry of Foreign Affairs as the coordinating authority on sanctions, or to write to sankcijas@mfa.gov.lv.

In the case of legal persons, it is important to identify their owners and make sure that they are not subject to international or national sanctions. It is possible to obtain information on legal entities and legal facts registered in registers carried by the Enterprise Register, including the limited liability companies and the true beneficiaries of legal persons, from the information website of the Enterprise Register.

There are no restrictions on the registration of other changes in the registers carried by the Enterprise Register. For example, if it is ascertained that the true beneficiary of a legal person is an authorised person, the referred to shall not be an obstacle to the registration of the individual authorised natural person as the true beneficiary of a legal person, and in such case the legal person has a duty to apply for registration of the relevant information to the Enterprise Register in accordance with the procedures specified in the regulatory enactments.