Guidelines for the Crowdfunding Industry in Latvia

    The Guidelines for the Crowdfunding and Peer-to-Peer (P2P) Lending industry in Latvia is developed by the Alternative Financial Services Association of Latvia. Guidelines compile basic principles that have been developed by the Association as recommendations to its members and other crowdfunding and peer-to-peer lending (P2P) market participants. TWINO is the first industry player which has undertaken to follow the Guidelines developed by the Association.

    These Guidelines cover the following topics:

    • Protecting platform investors' funds

    • Company corporate management

    • Information availability and Communication to customers

    • Advertising practices

    • Ethics and reputation practices

    • Measures to avoid conflict of interest

    • Data protection & anti-money laundering (AML) principles and more

    Read full guidelines document here