Market

JSC "LatCard"

Registration number
40103453692
Legal address
Krišjāņa Barona iela 55-17, Rīga, LV-1001
Country of origin
Latvia
Supervisory authority
Agents of e-money distribution and servicing:
1. Patollo Ltd (Registration number: 40003413049)
Address: Blaumaņu iela 10-9, Rīga, LV-1011
2. E-Cosmetics Ltd (Registration number: 40103469015)
Address: Aleksandra Čaka iela 62-8, Rīga, LV-1011;
3. First LatCard Ltd (Registration number: 40103645767)
Address: Krišjāņa Barona iela 55-18, Rīga, LV-1011;
4. Bulta-Turs Ltd (Registration number: 40003144578)
Address: Kaļķu iela 11, Rīga, LV-1050

Market segments

Market segment
Payment service providers

Licenses / Types of activities

Type of activity
Issuing of electronic money
License / Doc. number
06.12.01.460/203
Date
30.12.2011
Type of activity
Money remittance
License / Doc. number
06.12.01.460/203
Date
30.12.2011
Type of activity
Issuing and/or acquiring of payment instrument
License / Doc. number
06.12.01.460/203
Date
30.12.2011
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
06.12.01.460/203
Date
30.12.2011
Type of activity
Execution of a payment transaction by means of distance communication, a digital or an IT device and where the payment is made to the telecommunication, IT system or network operator.
License / Doc. number
06.12.01.460/203
Date
30.12.2011

Sanctions

Type of infringement
Breaches of AML/CTF law and FCMC regulatory requirements: weaknesses in customer due diligence and transaction monitoring
Date
05.10.2018
Status
In force
Sanctions applied
A fine of 9825,26 euro imposed on the electronic money institution, dismissal of member of the Board N.Junele from the field of the AML/CTF compliance and issued a warning to her
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:

Follow the news


Subscribe to the news and receive important industry-related information in your e-mail