Latvijas pasta banka

Why are banks asking questions?


The association of Latvian Commercial Banks (LKA) has prepared a fact sheet about the ‘Know your client’ principle.

In order to apply the ‘Know your client’ principle the banks have to obtain information about their customers and the source of their funds. LKA has prepared a fact sheet where you can learn more about what information and why the banks are asking.

Fact sheet is available here