Luminor offers daily banking services to citizens or residents of Latvia, Lithuania, and/or Estonia, to legal entities, registered in Latvia, and EU-based legal entities` branches, registered in Latvia, whose main planned business activity is carried out in the Baltic States and who can identify their beneficial owner, and would like to establish a business relationship with all potential customers who see Luminor bank as a partner for everyday services, as well as lending, investments, or deposits.
Our risk strategy is based on the core business principle to serve customers who predominantly are citizens or residents of Estonia, Latvia, and/or Lithuania, and customers with a strong personal or business connection to the Baltic countries. To support the strategy, we have implemented and maintain a properly functioning risk management framework which is based on the Anti-Money Laundering, Countering the Financing of Terrorism, Counter Proliferation Financing (AML/CFT/CPF) and Sanctions Risk Policy and internal standards that are defining our AML/CFT/CPF and sanctions risk appetite.
Luminor has no risk appetite for cooperation with customers, who fall under AML/CFT/CPF and sanctions laws and regulations restrictions, as well as internal AML/CFT/CFP and Sanctions Policy based absolute risk appetite limitations, for example:
We are committed to the protection of human rights, therefore we also follow sanctions imposed by United States OFAC, United Kingdom, Sweden, and Norway.
Additional information on AML/CFT/CPF and Luminor sanctions policy is available here.