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FCMC: Technical problem at Swedbank fixed, no reason for rumours

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07.03.2019

Press Release 

FCMC: Technical problem at Swedbank fixed, no reason for rumours 

The Financial and Capital Market Commission (FCMC) informs that technical problem at "Swedbank" AS (hereinafter – the Bank) and temporary unavailability of services have been dealt with. 

 

Head of FCMC Communications Division Ieva Upleja: "We have been in contact with the Bank regarding the incident of temporary unavailability of services as soon as it occurred this afternoon. It is important to be aware that this technical problem in banking systems in no way threatens the security of customer funds in the Bank. The Bank works in a usual everyday mode. The cause is not an outside attack, solution is found. The FCMC as the supervisor of the financial sector, as well as IT specialists with the Latvian Information Technology Security Incident Response Institution (Cert.lv) are in contact with the Bank and are following the situation. The problem is resolved and the Bank provides all services to its customers."

 

The Bank promptly informs customers on communication channels about the developments. The FCMC points out that there is no reason for any rumours, the content of which contradicts the views expressed by the FCMC and CERT.LV. Anyone who distributes unsubstantiated information and data regarding the Latvian financial sector, which might give a false impression of its activities, must be aware of the responsibility specified in the Criminal Law of Latvia for carrying out such activities.

 

Additional information:

 

The Criminal Law

Section 89. Sabotage

For a person who commits any act or failure to act as is directed towards destruction of the financial system, industrial, transport, agricultural, trade or other economic sectors, or destruction of the operations of any institutions or organisations, with the purpose of harming the Republic of Latvia,

the applicable punishment is deprivation of liberty for a period of five and up to twelve years, with or without confiscation of property.

 

Section  194.1 Dissemination of False Data or Information Regarding the Condition of the Finance System of the Republic of Latvia

(1) For a person who knowingly commits dissemination of false data or information orally, written or in other ways regarding the condition of the finance system of the Republic of Latvia,

the applicable punishment is a temporary deprivation of liberty or community service, or a fine.

(2) For the commission of the same acts, if they have been committed by a group of persons according to a prior agreement, or if substantial harm to the State or to the interests and rights of persons protected by law has been caused thereby,

the applicable punishment is the deprivation of liberty for a period of up to three years or temporary deprivation of liberty, or community service, or a fine.

(3) For a person who commits the acts provided for in Paragraph one of this Section, if they have been committed for the purpose of acquiring property,

the applicable punishment is the deprivation of liberty for a period of up to five years or temporary deprivation of liberty, or community service, or a fine, with or without the confiscation of property.

 

Further information:

Ieva Upleja 

Head of Communications Division 

Financial and Capital Market Commission 

Phone: + 371 67774807; e-mail: ieva.upleja@fktk.lv