Amendments to the Law on the Register of Enterprises of the Republic of Latvia took effect on October 12, 2023. These amendments strengthened the functions of the Register of Enterprises (hereinafter - the Register) in the area of sanctions. Specifically, the Register was granted the right to carry out legal acts, decisions, and other documents, use information provided by other institutions and use publicly available information on international and national sanctions (financial restrictions), as well as sanctions imposed by the United States Office of Foreign Assets Control (hereinafter - US OFAC)[1]. The Register conducts this analysis in conjunction with the information available to it — including data from registers and submitted documents — to determine whether specific sanctions apply to legal entities registered in the registers it maintains.

For more information on data registered in relation to sanctions risks, click here.

To ensure the effective implementation of this function, the Register’s information system was technically adapted on June 2, 2025. This adaptation enables the structured and transparent presentation of facts relating to the application of sanctions. From that date:

• Information on sanctions and sanction risks is displayed as a flag next to the relevant legal entity's entry on the Register's website: https://info.ur.gov.lv;
• The same information is available as open data, published in a structured format that facilitates its use, download, editing, and analysis.

This information is systematically monitored to ensure that the register reflects only current sanctions restrictions. If the legal entity or person about whom sanctions-related information has been registered—or any other person whose rights may be affected by this information—believes that the information is incorrect, they may submit a reasoned request to the Register.

Please note: The presence or absence of information in the Register regarding international, national, or US OFAC sanctions does not exempt any person from the obligations established under applicable legal acts concerning international and national sanctions.

^{[1] This refers to sanctions imposed by a member state of the North Atlantic Treaty Organization (NATO) that significantly affect the interests of financial market participants or the financial market, as defined in the regulations of the Bank of Latvia.}