I have provided them an EU account on the name of the company BUT they DID NOT transfer the funds.
Asking for an EU account is just buying time.
One moment they have asked me to agree with the following application:
APPLICATION ON THE COMPLETION OF THE PROCEDURE OF THE ENHANCED
DUE DILIGENCE
In conjunction with the notification sent by the Bank on 19.03.2018, hereby I request the Bank to:- to
complete the procedure of the enhanced due diligence based on the documents and information, that is
at the disposal of the Bank at the moment of the signing of this application.- to deduct from the current
account and/or any other accounts in the Bank the remuneration of the Bank for the closure of the
accounts/transfers of the funds and any other payments, related to the provision of the services to the
Client in line with the Tariffs of the Bank, as well as to deduct the compensation for the risk in the
amount of EUR 5000.00;- to transfer the remaining funds and/or assets, that are held at the Bank in line
with the payment order forwarded by me, after signing of the given application;- after the transfer of the
funds and/or assets, to close all of the accounts in the Bank and to deem JSC "Rietumu Banka" and
Client Agreement (further – the Agreement) terminated. Likewise I hereby confirm, that - the only
obligation of the Bank is the carrying out of the actions mentioned above;- shall the transfer of the funds
and/or assets turn out to be impossible due to the reasons that do not depend on the Bank, the Client
undertakes to inform the Bank of the correct requisites;- from the moment of the provision of the order
for the transfer of the funds/assets all the obligations of the Bank in relation to the Client shall be
considered fulfilled;- the Client does not have and will not have any demands and /or claims in regard to
the Bank, its officials and employees; - all the complaints/claims/ appeals of the Client to the
Bank/regulator and to the third parties, in relation to the provision of the service by the Bank to the
Client, among others the completion by the Client of the procedure of the enhanced due diligence in the
Bank, shall be considered to be entirely regulated and resolved between the Bank and Client, or third
parties, attracted by the Client;- the client will observe the provisions of the confidentiality and the
non-disclosure, foreseen by the Agreement, among others, in relation to the completion of the procedure
of the enhanced due diligence and the communication with the Bank, and likewise Client will observe
the provisions of the confidentiality and non-disclosure after the termination of the Agreement;- the given
application is priority and final document in regard to the obligations of the Client towards the Bank that
arise from the legal relationship in line with the Agreement. Conditions, laid down in the application
prevail over the conditions of the agreements and arrangements that were signed or sent to the Bank by
the Client beforehand. Likewise, the application cancels any other arrangements, oral or written
between the Bank and the Client, Client and third parties in regard to the subject of the Agreement and
contains the complete agreement between the Bank and the Client. - the given application was drafted
and signed in the language clear to the Client, freely and without misconception, fraud or coercion.
