Market

SIA ''Transact Pro''

Registration number
41503033127
Legal address
Kr. Valdemara street 62 (4.floor), Riga, LV-1013
Country of origin
Latvia
Supervisory authority

Market segments

Market segment
Payment service providers

Licenses / Types of activities

Type of activity
Issuing of electronic money
License / Doc. number
06.12.04.416/359
Date
20.06.2014
Type of activity
Issuing and/or acquiring of payment instrument
License / Doc. number
06.12.04.416/359
Date
20.06.2014
Type of activity
Execution of payment transactions,inc.transfers of funds on a payment account,execution of direct debits,also one-off direct debits,execution of payment transactions through a payment card,a similar device,execution of credit transfers,also standing order
License / Doc. number
06.12.04.416/359
Date
20.06.2014

Sanctions

Type of infringement
Breaches of AML/CTF law and FCMC regulatory requirements: weaknesses in customer due diligence and transaction monitoring
Date
13.11.2018
Status
In force
Sanctions applied
A fine of 71150,00 euro imposed on the electronic money institution, issued warning to member of the Board M. Moskvins
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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