Market

Sabiedrība ar ierobežotu atbildību "Money Express"

Sanctions

Type of infringement:
Type of infringement Breaches of Law on AM/CTF law . - the internal control system in the AML/CTF area is not adequate to ML/TF risks inherent for its activities and customers and does not ensure efficient functioning in compliance with the provisions of the AML/CFT regulations, including weaknesses in transaction monitoring and customer due diligence
Date:
02.08.2019
Status:
In force 
Sanctions applied:
A fine of 4472,82 euro imposed on the payment institution; a warning issued to the the member of the Board Nikolajs Timofejevs and employee responsible for the AML/CTF Diana Saprikina – Ivaņko.
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Nasdaq CSD SE

Sanctions

Type of infringement:
An infringement of Article 45 of the Regulation (EU) No. 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No. 236/2012
Date:
25.07.2018
Status:
In force 
Sanctions applied:
Public announcement
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Oint-Stock Company in Liquidation Trasta Komercbanka

Sanctions

Type of infringement:
Serious and sustained breaches of regulatory requirements in several areas for a long period - the Bank has been failing to comply with the regulatory capital requirements, while the Bank’s shareholders have not been able to address this non-compliance by increasing the Bank\'s capital; the Bank has been operating with losses for a long period and has no viable business model or development strategy adequate to the situation; serious and sustained breaches of the anti-money laundering and counter- terrorist financing regulations.
Date:
03.03.2016
Status:
In force 
Sanctions applied:
Withdrawal of authorisation (ECB decision)
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Type of infringement:
Deficiencies in adjusting several priority areas (capital increasing, improving the Bank's development strategy and internal control system).
Date:
22.01.2016
Status:
In force 
Sanctions applied:
Restrictions on Bank`s rights, activities and fulfilment of obligations by the Bank
Related article:

Type of infringement:
Infringement of the Credit Institution Law: insufficient reputation and credit risk assessment in certain cases
Date:
27.11.2015
Status:
In force 
Sanctions applied:
Warning
Related article:

Type of infringement:
Infringement of the Credit Institution Law: insufficient reputation and credit risk assessment in certain cases
Date:
12.08.2015
Status:
In force 
Sanctions applied:
Warning
Related article:

Ltd. "SEMFOPAY"

Sanctions

Type of infringement:
Breaches of AML/CTF law and FCMC regulatory requirements: weaknesses in customer due diligence and transaction monitoring
Date:
14.08.2018
Status:
In force 
Sanctions applied:
A fine of 25 000 euro imposed on the payment institution, temporary suspension of the institution's operations, dismissal of members of the Board Guntis Zālītis un Andrejs Gailis
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


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