Kredītiestādes rīcībā esošo neizpaužamo ziņu par tās klientiem un to darījumiem sniegšanas kārtība
The Order of Providing Non-disclosable Information About Clients and their Transactions in Possession of a Credit Institution

Summary/Abstract: The purpose of the article is to examine in which cases Latvian Republic credit institutions can provide information about its clients and its transactions without client’s separate consent and also without separate notification about such actions, in which events it is a duty of credit institution. The author reviewed the regulation of Latvian Republic in respect of providing non-disclosable information being in a possession of credit institution about its clients and clients’ transactions. The article gives an explanation of definition“bank secrecy” by analysing Latvian Republic legislation and internationally accepted definitions, and reviews the types of non-disclosable information and its content. In the conclusion the author makes certain proposals in respect of supplement of Credit Institutions Law norms with more detailed procedure of informing credit institution’s clients about possibilities of disclosure non-disclosable information about them and in such manner summarizing all possible cases of information disclosure in one normative documents. The author did not review cases of information disclosure for statistical purposes.The purpose of the article is to examine in which cases Latvian Republic credit institutions can provide information about its clients and its transactions without client’s separate consent and also without separate notification about such actions, in which events it is a duty of credit institution. The author reviewed the regulation of Latvian Republic in respect of providing non-disclosable information being in a possession of credit institution about its clients and clients’ transactions. The article gives an explanation of definition “bank secrecy” by analysing Latvian Republic legislation and internationally accepted definitions, and reviews the types of non-disclosable information and its content. In the conclusion the author makes certain proposals in respect of supplement of Credit Institutions Law norms with more detailed procedure of informing credit institution’s clients about possibilities of disclosure non-disclosable information about them and in such manner summarizing all possible cases of information disclosure in one normative documents. The author did not review cases of information disclosure for statistical purposes.

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