Latvia - 1995 Party Finance Law
Title | Section 7. Prohibition on Anonymous Gifts (Donations) |
Article |
7 (1) Financing of political organisations (parties) in the form of anonymous gifts (donations) is prohibited, except for case mentioned in the fourth section of this article. (2) Within the meaning of this Law a gift (donation) is anonymous if in the accounting documents of the political organisation (party) the given name, surname, personal identification number and place of residence in respect of the giver (donor) - a natural person - are not indicated, but regarding legal person - full name, domicile, bank and account number. (3) If a political organisation (party) receives an anonymous gift (donation), contrary to the provisions of the Articles 4 and 6 of this Law, such financial resources shall be transferred to the account of Ministry of Justice within a period of five days of the receipt thereof, but property shall be transferred to State property in accordance with the procedures specified by the Ministry of Finance. (4) The amounts transferred to the account mentioned in Paragraph three of this Article make a fund; the Ministry of Justice shall transfer these financial resources from this account to the political organisations (parties) whose declared candidates are votes into the Saeima within six months after elections of the Saeima. Financial resources shall be transferred to these political organisations (parties) proportionally to the number of elected members of the Saiema from the respective political organisation (party). (5) Natural and legal persons can transfer any amounts of financial resources to the account mentioned in Paragraph three of this Article. Financial resources can also be transferred to this account anonymously.
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Categories |
- External oversight (Sanctions) - Party finance (Direct public funding) - Party finance (Private funding) - Party finance (Report and disclosure) |
Source | htt://www.likumi.lv/doc.php?id=36189&version_date=16.08.1995#p7 |