Sanctioned persons

In this section the Financial Intelligence Unit of Latvia (FIU) publishes information on sanctioned persons whose funds or economic resources (hereinafter – assets) are frozen in Latvia. The information is published to ensure the effective implementation of international and Latvian national sanctions (hereinafter – sanctions). The section “Frozen assets” provides detailed information on the different types of assets of sanctioned persons frozen in Latvia.

As of 14.07.2026. there are assets owned, controlled, or held by a total of 163 sanctioned persons in Latvia. Of these sanctioned persons, 24 are natural persons or legal persons directly included in sanctions lists and 139 are legal persons owned or controlled by sanctioned persons.

The information available in this section is published by the FIU in accordance with the Law on International Sanctions and National Sanctions of the Republic of Latvia, following the procedure specified in the Regulation of the Cabinet of Ministers No 184 “Procedures for the Proposition and Implementation of International and National Sanctions”.

To ensure that the information published by the FIU is justified, the FIU must, within 30 days after the publication of the information, assess and confirm that the implementation of the sanctions, i.e. that the freezing of assets or their release from freezing, was carried out in accordance with the applicable laws and regulations. The note in Column 9 “Verified by the FIU” indicates that the FIU has completed the assessment regarding the sanctioned person and assets in question. If the assessment has been completed, the word “Verified” and the date of completion of the assessment will be indicated in column “Verified by the FIU”. If the assessment is still ongoing, the word “No” will be indicated in the column.

The FIU publishes information only on sanctioned persons whose assets are frozen in Latvia, based on the information available to the FIU. The FIU also publishes the information received from the Register of Enterprises on all legal entities registered in Latvia that are owned or controlled by a sanctioned person. The shares of legal entities owned by the sanctioned persons are frozen.

In view of the above, the information published by the FIU does not constitute an exhaustive list of all natural and legal persons that are considered to be sanctioned persons, as not all sanctioned persons have assets in Latvia. Also, FIU may not have complete information about all assets in Latvia that would be subject to freezing, if persons have not informed FIU about the implementation of sanctions in accordance with the procedures specified in the sanctions legislation (guidance on the types of information persons are required to submit to the FIU is available here). The absence of the information in the data tables published by the FIU does not exempt a person from the obligations set out in sanctions legislation.

For easier processing of data, the FIU also publishes information about the sanctioned persons whose assets have been frozen on the Latvian Open Data Portal.