We connect risk and compliance professionals, financial institutions, and corporate leaders.
Scroll Down
We focus on the areas that matter most for modern institutions
Risk management education and training
Professional development initiatives aimed at strengthening competence in current risk management practice.
AML/CFT & sanctions compliance guidance
Guidance and professional support in anti-money laundering, counter-terrorist financing, and sanctions-related matters.
Governance & internal control frameworks
Promotion of sound governance structures, effective internal controls, and clear accountability.
Industry research and regulatory insight
Research, analysis, and practical insight related to current regulatory developments and emerging risk issues.
We follow established standards
EU AML Directives
FATF Recommendations
ISO 31000 Risk Management Framework
European best practices
The aproach behind our work
In an increasingly complex regulatory and economic environment, risk management can no longer be treated as an isolated function. It requires professional dialogue, shared standards, stronger governance culture, and continuous development.
The Association contributes to this by connecting professionals and institutions around practical knowledge, regulatory awareness, and responsible risk oversight.
The Association contributes to this by connecting professionals and institutions around practical knowledge, regulatory awareness, and responsible risk oversight.
Integrity
Commitment to high ethical standards and responsible professional conduct at every stage of work.
Excellence
Support for competence, education, certification, and the dissemination of best practices.
Transparency
Encouragement of clear communication and transparent risk management processes.
Accountability
Promotion of governance structures that ensure responsibility at all levels of institutional management.
Collaboration
Cooperation among institutions, regulators, and professionals in addressing emerging risks.
Sustainability
Recognition of ESG considerations as part of long-term institutional stability and sound risk frameworks.
Engagement with FERMA
As part of its European development, Latvian Risk Management Association seeks to engage with the Federation of European Risk Management Associations (FERMA), a key representative body for national risk management associations in Europe.
This direction reflects the Association’s interest in stronger professional dialogue, harmonised standards, policy engagement, and the exchange of expertise across the European risk management community.
Potential Areas of Collaboration
Joint professional development initiatives
Participation in the European forums
Exchange of research and publications
Contribution to working groups and consultations
Awareness initiatives on emerging risks
Promotion of risk governance best practices
Support for resilience and financial stability initiatives
FERMA Forum 2026
Widening the Lens
4–6 October 2026 · Rotterdam Ahoy, Netherlands
Europe's largest risk management event brings together more than 3,000 professionals for three days of sessions on artificial intelligence, geopolitics and interconnected risk. Registration is free for risk managers. The Latvian Risk Management Association invites Latvia's risk, compliance and governance community to take part.
Free registration applies to in-house risk managers, whether or not they belong to a FERMA member association. Reduced rates apply to professionals under 35, academics and students. Registration and full conditions on the Forum website.
Membership Benefits
Membership in the Association provides access to the following opportunities
Exclusive research and practical guidance
Training programmes and events
Participation in working groups
Professional networking
Early access to regulatory updates
Continuing professional development
