Common Contracts
1 similar Memorandum of Understanding contracts
Memorandum of Understanding betweenMemorandum of Understanding • November 3rd, 2015
The Central Bank of the Russian Federation (Bank of Russia) and the Financial and Capital Market Commission of the Republic of Latvia, hereinafter referred to as the “Supervisory Authorities”, have reached an understanding on the need to exchange information in the following fields: licensing; control over ownership structure; supervision of ongoing activities, including inspections; financial resolution of supervised institutions; anti-money laundering and combating terrorist financing (hereinafter, AML/FT). The exchange of information is carried out for the purpose of effective fulfillment of their functions and strengthening the reliability and stability of banking systems in their countries. This understanding also meets the Basel Committee recommendations on the principles of conducting consolidated and comprehensive supervision and co- operation between the supervisory authorities and the international standards on combating money laundering and the financing of terrorism and pro
