Market

AS "SEB banka"

Sanctions

Type of infringement:
Violations of FCMC regulations: breach of regulatory information systems security provisions applicable to the financial and capital market participants. Inability to ensure the limits imposed on using the ordinary internet banking authentication tool – a
Date:
16.05.2017
Status:
In force 
Sanctions applied:
Warning
Related article:

ABLV Bank AS

Sanctions

Type of infringement:
Violations of the Law on the Prevention of Laundering the Proceeds from Criminal Activity (Money Laundering) and of Terrorist Financing and the FCMC's regulatory requirements: deficiencies in the bank's internal control system – insufficient customer due diligence and monitoring of transactions; and violations of the Credit Institution Law regarding reporting requirements.
Date:
26.05.2016
Status:
In force 
Sanctions applied:
A fine of 3 166 682 euro imposed on the bank. Reprimand issued to the board member A. Pāže.
Related article:

"Swedbank" AS

Sanctions

Type of infringement:
Violations of the Law on the Prevention of Laundering the Proceeds from Criminal Activity (Money Laundering) and of Terrorist Financing and the FCMC's regulatory requirements: deficiencies in the bank's internal control system – insufficient customer due
Date:
22.11.2016
Status:
In force 
Sanctions applied:
A fine of 1 361 954 euro imposed on the bank
Related article:

AS "Meridian Trade Bank"

Sanctions

Type of infringement:
Failure to comply with the provisions of Article 395 (1) of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation EU) No 648/2012
Date:
18.06.2019
Status:
In force 
Sanctions applied:
Warning
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 13 490 euro
Related article:

Type of infringement:
Violation of the provisions of the Credit Institution Law: for failure to submit and publish audited annual report
Date:
16.10.2018
Status:
In force 
Sanctions applied:
A fine of 14200 euro
Related article:

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:
25.05.2018
Status:
In force 
Sanctions applied:
A fine of 455 822 euro
Related article:

Type of infringement:
Infringements of the Credit Institution Law and underlying regulatory requirements relating to the functioning of internal control systems on credit risk and internal governance.
Date:
08.11.2017
Status:
In force 
Sanctions applied:
A fine of 889651 euro
Related article:

AS BlueOrange Bank

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:
A fine of 4 260 euro
Related article:

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:
21.12.2018
Status:
In force 
Sanctions applied:
A fine of 1 246 798 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:

Signet Bank AS

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:
Deficiencies of customer due diligence and in transaction monitoring
Date:
27.11.2015
Status:
In force 
Sanctions applied:
A fine of 55 000 euro
Related article:

Akciju sabiedrība "Baltic International Bank"

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:
A fine of 4 793 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 as well as Regulation on Establishment of the Internal Control Framework and Regulations on Customer
Date:
09.03.2016
Status:
In force 
Sanctions applied:
A fine for Bank - 1 100 000 euro Individual fine for Chairwoman - 25 000 euro
Related article:

AS "PrivatBank"

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:
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 F
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 Bank's Board Individual fine for Board members: Oleksandrs Trubakovs – 96 449 euro Iveta Ķerpe – 25 869 euro Rolands Pētersons – 15 411 eu
Related article:

AS Expobank

Sanctions

Type of infringement:
Deficiencies of customer due diligence and in transaction monitoring documentation
Date:
23.10.2015
Status:
In force 
Sanctions applied:
A fine of 105 000 euro
Related article:

Type of infringement:
On certain weaknesses in the internal control system – the bank's failure to ensure relevant customer business documentation for supervisory purposes in line with the provisions of the Regulations for Enhanced Customer Due Diligence and Law on the Preven
Date:
07.11.2014
Status:
In force 
Sanctions applied:
Warning
Related article:

Akciju sabiedrība "Reģionālā investīciju banka"

Sanctions

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
Date:
26.06.2017
Status:
In force 
Sanctions applied:
A fine of 570 364 euro. Warnings, issued to the AML/CTF responsible officials of the bank
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: deficiencies in customer-non-resident due diligence and monitoring of exposures
Date:
02.07.2014
Status:
In force 
Sanctions applied:
A fine of 70000 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).

Learn more

Contacts


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