Important information for the clients

Dear clients, As you are aware, in recent days the European Union and the USA have expanded their sanctions against the Russian Federation and the Republic of Belarus. The new sanctions have significantly affected the banking sectors of these two countries.

Rietumu Bank, as well as other credit institutions in Latvia, acting in contact with the Regulator, is currently implementing the requirements resulting from the imposed sanctions, making the necessary changes in internal procedures and controls, which are becoming even deeper and more thorough.

The bank asks its clients to be understanding and prepared to provide the bank's compliance service with the requested information on specific transactions promptly and completely if necessary. Strict compliance with the requirements in this field is in the interests of all parties and it is highly important to be aware that it is absolutely necessary.

The bank also asks its clients to independently monitor the current sanctions situation using official sources in the EU and the USA. This will help to avoid potential irregularities in transaction planning, which in turn could lead to transactions being stopped, assets blocked, reputational risks and the threat of being prosecuted.

For its part, Rietumu Bank will continue to do everything necessary to ensure sustainable, high-quality service for its clients' operations.