Market

AS "PrivatBank"

Registration number
50003086271
Legal address
Muitas iela 1, Rīga, LV - 1134
Country of origin
Latvia
Supervisory authority

Market segments

Market segment
Payment service providers
Phone
67041300
E-mail
Other market segments

Substantial Participation

Name / First name, Last name
publiska akciju sabiedrība komercbanka "PrivatBank"
Volume of participation
between 33% and 50%

Sanctions

Type of infringement
The provisions of the Law on the Prevention of Laundering the Proceeds from Criminal Activity (Money Laundering) and of Terrorist Financing (AML/CTF) and underlying regulatory requirements had been violated.
Date
13.09.2019
Status
In force
Sanctions applied
A fine of 1 019 319 euro imposed on the bank
Related article

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
A fine of 9 585 euro
Related article

Type of infringement
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.
Date
26.06.2017
Status
In force
Sanctions applied
A fine of 35 575 euro
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 (AML/CFT), Credit Institution Law, as well as Regulation on Establishment of the Internal Control Framework and Regulations on Customer Due Diligence
Date
25.11.2015
Status
In force
Sanctions applied
A fine of 2 016 830 euro and suspending Chairman of the Board and Board member and request to fully replace the Banks Board Individual fine for Board members: Oleksandrs Trubakovs – 96 449 euro Iveta Ķerpe – 25 869 euro Rolands Pētersons – 15 411 euro Oleksandrs Mekekečko – 7 607 euro.
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).

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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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