Market

SIA "Baltic Payment Solutions"

Registration number
40103331001
Legal address
Pirts iela 13 - 50, Rīga, LV-1003
Country of origin
Latvia

Market segments

Market segment
Payment service providers

Licenses / Types of activities

Type of activity
Authorized payment institutions
Date:
16.09.2015

Type of activity
Money remittance
Date:
16.09.2015

Type of activity
Execution of payment transactions, including transfers of funds on a payment account with the user`s payment provider or with another payment service provider
Date:
16.09.2015

Sanctions

Type of infringement
Breaches of Law on Payment Services and Electronic Money and AM/CTF law and FCMC regulatory requirements: equity gap and weaknesses in customer due diligence and transaction monitoring
Date
19.03.2018
Status
In force
Sanctions applied
The provision of payment services has been suspended, except for the initiation of payments using the terminals located in the territory of Latvia for merchants and service providers registered in Latvia; a fine of 7280,70 euro imposed on the payment institution; a warning issued to the employee responsible for the AML/CTF Aleksandra Kuļbacka
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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