Market

Akciju sabiedrība "Rietumu Banka"

Registration number
40003074497
Legal address
Vesetas iela 7, Rīga, LV-1013
Country of origin
Latvia
Supervisory authority

Market segments

Market segment
Credit institutions
Phone
67025555
E-mail
Website
Other market segments

Substantial Participation

Name / First name, Last name
BOSWELL (INTERNATIONAL) CONSULTING LIMITED
Volume of participation
between 33% and 50%

Name / First name, Last name
SIA "Esterkin Family Investments"
Volume of participation
between 33% and 50%

Name / First name, Last name
SIA "Suharenko Family Investments"
Volume of participation
between 10% and 20%

Licenses / Types of activities

Type of activity
Activities of a credit institution
License / Doc. number
06.01.04.018/245
Date
10.06.1998

Related parties

Name / First name, Last name
Rolfs Fulss (Rolf Fuls)
Type of person
Chairman of the Executive Board

Sanctions

Type of infringement
Violation of the provisions of the Credit Institution Law: for failure to submit and publish audited annual report
Date
30.04.2019
Status
In force
Sanctions applied
Warning
Related article

Type of infringement
1) Breaches of AML/CTF law and FCMC regulatory requirements: weaknesses in customer due diligence and transaction monitoring that led to the situation that bank had been used to circumvent international sanctions requirements imposed against North Korea; 2) Failure to ensure effective functioning of internal control system.
Date
17.07.2017
Status
In force
Sanctions applied
A fine of 1 324 667 euro. Warnings, issued to the AML/CTF responsible officials of the bank 1 566 604
Related article

Type of infringement
Violations of the provisions of the Law on the Prevention of Laundering the Proceeds from Criminal Activity (Money Laundering) and of Terrorist Financing and FCMC regulations: weaknesses in the internal control system – deficiencies in customer due diligence and monitoring of transactions
Date
15.05.2015
Status
In force
Sanctions applied
A fine of 35000 euro
Related article

Type of infringement
Violation of the provisions of the Credit Institution Law: inadequate reputational risk assessment of exposure to a customer
Date
08.10.2014
Status
In force
Sanctions applied
Warning
Related article

How to become a market participant

In order to become a participant of Latvian financial and capital markets and commence business activities, a credit institution, an insurance company, a reinsurance company, an insurance broker, a credit union, an investment management company, an investment firm, an operator of regulated market, a pension fund, a payment institution, an electronic money institution, as well as an alternative investment fund manager shall obtain operating authorisation (licence).

Learn more

Contacts


Address:
Kungu iela 1, Riga, LV-1050
Phone:
6 7774800
E-mail:
Previous sign-in to the secretary:
67 774 801
Data protection:

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