Comparative analysis of the customer identification and due diligence in the financial system in the Republic of Latvia and the Russian Federation

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dc.contributor.advisorJēkabsone, IngaEN
dc.contributor.authorPuriņš, Jānis Ričards
dc.contributor.otherRiga Graduate School of LawEN
dc.date.accessioned2022-07-15T10:32:00Z
dc.date.available2022-07-15T10:32:00Z
dc.date.issued2022
dc.description.abstractNowadays, to prevent money laundering and terrorism financing customer due diligence and customer identification play crucial roles in the banking sector. The purpose of the bachelor thesis is to unfold the vulnerabilities of customer due diligence and customer identification between Russia and Latvia. In the thesis, doctrinal research methodology was used to examine and analyse the laws and threats to which each country could be exposed. Today each subject of the law, who is bound under the money laundering and combating terrorism financing law, has to have an inner control system, which is responsible to prevent violations of law. Each customer has to reveal who is the beneficial owner, check the customer's background, what is the nature of the business relationship, etc. The most important component to successfully stopping money laundering and terrorism financing are companies adaptability to each situation. Without sufficient understanding of the customer, the subject of the law can not establish business relationships. The thesis is compared European directive no. 2018/843, Russian directive no. 115-FZ, and Latvian AML directive.en_US
dc.identifier.urihttps://dspace.lu.lv/dspace/handle/7/61011
dc.language.isoengen_US
dc.publisherRiga Graduate School of Lawen_US
dc.rightsinfo:eu-repo/semantics/restrictedAccessen_US
dc.subjectResearch Subject Categories::LAW/JURISPRUDENCE::Financial lawen_US
dc.subjectResearch Subject Categories::LAW/JURISPRUDENCE::Other law::Comparative lawen_US
dc.subjectCustomer due diligenceen_US
dc.subjectCustomer identificationen_US
dc.subjectAnti-money launderingen_US
dc.subjectThe Republic of Latviaen_US
dc.subjectThe Russian Federationen_US
dc.titleComparative analysis of the customer identification and due diligence in the financial system in the Republic of Latvia and the Russian Federationen_US
dc.typeinfo:eu-repo/semantics/bachelorThesisen_US
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