AML/CFT, KYC, Sanctions & Travel Rule Compliance Advisory
At ABM Global Compliance, we help cryptoasset businesses establish, review and enhance risk-calibrated financial crime compliance arrangements aligned with their regulatory responsibilities in Latvia. For cryptoasset businesses within scope, key requirements include Latvia’s Money Laundering Act (Novēršanas likums) and the EU Transfer of Funds Regulation (Regulation (EU) 2023/1113), alongside applicable EU sanctions requirements.
Enhancing Financial Crime Compliance Structures for Latvia's Cryptoasset Sector
Cryptoasset businesses can face considerable exposure to money laundering, terrorist financing, sanctions and other financial crime risks. Firms operating in Latvia therefore need financial crime compliance arrangements that reflect their activities, customer risk, geographic exposure and applicable Latvian and European compliance requirements. ABM helps cryptoasset businesses in Latvia enhance their AML/CFT, KYC, sanctions and Travel Rule compliance arrangements.
For cryptoasset businesses within scope, key requirements include Latvia’s Money Laundering Act (Novēršanas likums) and the EU Transfer of Funds Regulation (Regulation (EU) 2023/1113), alongside applicable EU sanctions requirements. At ABM Global Compliance, we help cryptoasset businesses establish, review and enhance risk-calibrated financial crime compliance arrangements aligned with their regulatory responsibilities in Latvia.
Our Crypto & Blockchain Compliance Services
Cryptoasset businesses within scope of the Latvian AML/CFT Law (Novēršanas likums) need proportionate arrangements to pinpoint, evaluate and address money laundering and terrorist financing risks. At ABM Global Compliance, we help cryptoasset businesses establish, review and enhance risk-calibrated financial crime compliance arrangements aligned with their regulatory responsibilities in Latvia.
KYC & Customer Due Diligence
Review and establish KYC and CDD arrangements aligned with applicable Latvian AML/CFT requirements.
EU Sanctions Compliance
Examine and reinforce their sanctions compliance arrangements, including policies, and governance responsibilities escalation procedures.
Transfer of Funds Regulation Compliance
Transfer of Funds Regulation Compliance for crypto businesses across Latvia’s regulated financial market.
Ready to Strengthen Your Compliance?
Why Choose ABM in Latvia
Latvia-Focused AML/CFT Expertise
Cryptoasset businesses interpret financial crime requirements arising under the Latvian regulatory structure.
Risk-Based Compliance Approach
Risk-Based Compliance Approach for crypto businesses across Latvia's regulated financial market.
EU Sanctions & Travel Rule Knowledge
We connect Latvian compliance arrangements with applicable EU sanctions and cryptoasset transfer requirements.
Strengthen Financial Crime Compliance in Latvia
A robust financial crime structure helps cryptoasset businesses demonstrate stronger regulatory governance while responding appropriately to the particular risks associated with cryptoasset activities. ABM helps cryptoasset businesses in Latvia enhance their AML/CFT, KYC, sanctions and Travel Rule compliance arrangements. Supporting clearer regulatory accountability and sustainable financial crime compliance.
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Businesses across Europe trust ABM to guide their licensing, strengthen their frameworks, and keep their compliance on track. Here is what founders, compliance officers, and executives say about working with our team.
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Your Questions Answered
What does the Law on the Prevention of Money Laundering require?
Risk-based AML/CFT arrangements: a business-wide risk assessment, customer due diligence scaled to risk, ongoing monitoring, suspicious activity reporting, sanctions screening, training, and governance ownership.
How should customer due diligence work?
Risk-based from the start: verify identity, understand ownership and purpose, apply enhanced measures where risk is higher, and keep information current through ongoing monitoring.
What about sanctions compliance?
EU sanctions apply directly and carry strict liability in practice. Firms need effective screening, clear escalation procedures, and awareness that exposure hides in ownership structures.
How is transaction monitoring supervised?
Supervisors test calibration and outcomes: whether scenarios reflect your actual risks, whether alerts are investigated on time, and whether the system evolves with the business.
Can you review our financial crime framework?
Yes. We conduct independent AML/CFT reviews covering governance, risk assessment, due diligence, monitoring, and reporting, with practical findings your team can implement.