Case No 2015-11-03

Applicant: Sabiedrība ar ierobežotu atbildību "TAVEX"
Date of the judgment: 02.03.2016.
Official publication: 04.03.2016.

On Compliance of Para 19 and Para 20 of the Bank of Latvia Regulation No. 141 of 15 September 2014 "Requirements Regarding Prevention of Money Laundering and Financing of Terrorism in Buying and Selling Foreign Currency Cash" with Article 1 and Article 64, as well as the First Sentence in Article 91 of the Satversme of the Republic of Latvia

Case short name: The Bank of Latvia Regulation

The Constitutional Court held :

to recognize Paragraph 19 and Paragraph 20 of the Bank of Latvia Regulation No. 141 “Requirements Regarding Prevention of Money Laundering and Financing of Terrorism in Buying and Selling Foreign Currency Cash” as being incompatible with Article 1 and Article 64, as well as the first sentence of Article 91 of the Satversme of the Republic of Latvia as of the moment of adoption thereof.

---

Press-releases

• The norms of the Bank of Latvia Regulation that apply to buying and selling foreign currency cash are incompatible with the Satversme

---