"The said service provider does not have a credit institution license and has no right to accept deposits or provide other financial services in the territory of Latvia. BLP Baltijas Privatbanka has provided misleading information on its website. Such a merchant is not registered in Latvia and has never received a credit institution license," the FKTK warned.
Anyone who has suffered harm or loss as a result of fraud is advised to contact the State Police.
Information on licensed financial service providers in Latvia is available on the FCMC website in the Market Participants section . This database also contains service providers from other Member States who are allowed to provide services in Latvia.