OREANDA-NEWS. September 03, 2007. Please note that on November 15, 2006 the Council of Europe approved Regulation (EC) No 1781/2006 of the European Parliament and of the Council, pursuant to which for transferring funds in any currency a remitter must specify apart from account number and beneficiary name also full beneficiary address (legal address for legal entities or declared address for private individuals), reported the press-centre of Rietumu Bank.

In view of these requirements you are requested to advise your business-partners of the necessity to indicate your legal address or declared address in payment instructions addressed to your account in Rietumu Bank.

In case there have been any changes in your legal address or declared address since the date of documents delivery to the Bank, you are strongly requested to submit to the Bank copies of documents confirming these changes.

Below is listed the information that must be indicated in payment instructions addressed to Rietumu Bank’s customer.

Requirements of Rietumu Bank for crediting funds in LVL to accounts of Latvian residents:

Legal entities:
Company name (in line with Articles of Associations)
Registration No
Account No (IBAN)

Private individuals:
Name, Surname
Personal ID code
Account No (IBAN).

Requirements of Rietumu Bank for crediting funds to accounts of Latvian non-residents (any currency) and to accounts of Latvian residents (foreign currency):

Legal entities:
Company name (in line with Articles of Associations)
Registration No (for Latvian residents)
Account No (IBAN)
Full legal address

Private individuals:
Name, Surname;
Personal ID code (for Latvian residents);
Account No (IBAN)
Full declared address*.

* Declared address – declared place of customer residence about which there is information at the Bank.