AML entities to access client data through single platform in Latvia

A draft regulation that would let anti-money laundering and counter-terrorism financing law subjects request client due diligence data from state systems through a single access point has been submitted for public consultation until 15 August. The Finance Ministry and the Ministry of Smart Administration and Regional Development prepared the document.

The proposal follows amendments to the relevant law adopted on 5 February 2026. The new paragraph in Section 5.1 authorises the Cabinet to set the rules for using the state data exchange platform. At present, banks, insurers, payment institutions, accountants, notaries, real estate agents and other obliged entities need to consult multiple state registers through different technical solutions. The planned service is meant to make the process more convenient and transparent without replacing existing access to the registries.

Under the draft, information will be available through the DAGR data distribution and management platform from several registers: the State Revenue Service register of politically exposed persons, the Punishment Register, the Land Register, the Vehicle and Driver Register, the Population Register and the Invalid Documents Register. The rules also specify how data is provided, stored and delivered. The State Digital Development Agency will be in charge of access management and monitoring of the exchange.

The ministry emphasises that the new tool will be an alternative, not a substitute, for current channels. Fees for data will remain unchanged, as set in each register's regulations. The draft also incorporates requirements from EU Directive 2024/1640 of 31 May 2024 on mechanisms to prevent the financial system from being used for money laundering or terrorist financing.

Anyone can take part in the consultation via the unified legal acts portal. Users need to open the project under "Public participation", click "Apply", indicate whether they are an individual or a legal entity, and authenticate using an internet bank, eID, eParaksts mobile, Smart-ID or another accepted tool. Submissions are accepted until 15 August.