Everyone, both individuals and legal entities, is obligated to follow the sanctions being in effect in Latvia – both the international ones imposed by the UN and the EU, and the national ones imposed by the Republic of Latvia. Yet often small and medium-size entrepreneurs struggle with complying with those sanctions due to the lack of knowledge of the field and the resources.
One of the possible solutions to this situation could be engaging an outsource service provider, which in this case is a professional agent performing sanctions’ screenings. The persons subject to the law may also delegate this due diligence process to contractors, as long as the process is being properly documented in the developed internal control system.
We are proud to inform our followers and clients that Atbilst platform now offers a new product – sanctions screening tool with a registered user’s account.
You’re welcome to try out the benefits of the new sanctions screening tool – the first month is for free!
Do not hesitate to make sure your client/partner is not in the sanctions lists.
*applies only to the legal entities registered in the Republic of Latvia
