Changes to the regulatory framework for funds remaining after the termination of a business relationship

On October 15, 2026, changes to the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing came into force. These changes set out what happens to funds that remain in closed accounts after the relationship with the bank has ended.

Who does this apply to?

This information applies only to a small number of former clients.

It applies only if all of the following conditions are met:

• the person is a legal entity (a company or organization), regardless of the country where it was established, or a natural person who is not a resident of Latvia (based on the information available to the bank when the account was closed);
• the bank ended the business relationship and closed the account in line with the requirements of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing;
• after the account was closed, funds belonging to the client remained with the bank and have not been claimed;
• more than five years have passed since the business relationship ended, and the person has not withdrawn the funds from the bank.

If any of these conditions do not apply to you, this information does not apply to you.

What do you need to know?

If a person meets all of the conditions above and does not withdraw the funds by April 15, 2027, the funds will be transferred to the state budget. After that, the person will no longer have the right to request these funds from the bank.

This procedure does not apply to funds that are frozen, seized, or subject to debt collection or other legal enforcement.

How can you receive the funds?

If you believe that you have the right to receive these funds, please contact the bank as soon as possible to arrange a transfer to an account with another bank before the legal deadline.

We will provide information about the documents you need and explain the steps for receiving the funds.