Latvia's banking regulator, the Financial and Capital Market Commission (FKTK) said November 23 it was hitting AS PrivatBank with a fine of more than three quarters of a million euros "for breaches of regulatory requirements in the field of anti-money laundering and combating terrorism and proliferation financing (AML/CTPF)", plus various other measures.
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The Latvian Central Bank (Latvijas banka, LB) revealed its latest collector coin November 17, in its own inimitable manner.
To coincide with the 2021 United Nations Climate Change Conference (COP26) taking place in Glasgow, the Latvian central bank (Latvijas Banka, LB) and the banking regulator the Financial and Capital Market Commission (FKTK) announced a joint pledge November 3 "to contribute, within their field of responsibility, to decisive policy action to implement the Paris Agreement and mitigate the consequences of climate change."
Tha Latvian central bank, Latvijas banka (LB), has a nifty new online resource available that can help you find your nearest bankomat/ATM when in need of quick cash.
Rigensis bank, whch has been operating in Latvia since 2011, is winding up its banking operations, in the latest reorganization of the country's banking sector.
Today the Saeima adopted the new Law on Latvijas Banka (the Latvian central bank, LB) in its third, final reading.
The Latvian central bank, Latvijas Banka (LB) hosts its annual economic conference on 20 September 2021 (from 13:30 Rīga time).
Latvia's financial regulator, the Financial and Capital Market Commission (FKTK) announced September 8 that "Baltic Technology Ventures" must be delisted from the First North alternative investment market, demanded repayment of money made as a result of breaching regulations and imposed a fine on board member Gene Zolotarev.
The Latvian central bank, Latvijas Banka (LB) will host its annual economic conference on 20 September 2021 (from 12.30 p.m. CEST), it announced September 2.
Pan-Baltic bank Luminor has been warned by regulators in all three Baltic states to improve its defenses against money-laundering.
The value of non-cash payments made in Latvia during the first half of 2021 has totalled almost 100 billion euro, according to information from the Latvian central bank (Latvijas Banka).
On Thursday, 19 August, Riga City Vidzeme District Court found former members of defunct bank Krājbanka board Vladimir Antonov and Ivars Priedītis guilty of all charges against them.
The Financial and Capital Market Commission (FKTK) said August 2 that of the 14 banks currently active in Latvia, four have a "medium-low or low risk level, seven – medium-high, and three banks are established as high-risk banks."
Rietumu banka has announced the departure of its chairman six weeks after the bank was hit with a record fine by regulators.
The Latvian central bank (Latvijas banka, LB) warned the public July 5 to be on guard against suspected fraudsters using the bank's name as part of a potential scam.
The first phase of a deal between Citadele and ABLV for the purchase of the majority of ABLV’s mortgage portfolio has been completed, Citadele announced July 5.
Latvia's banking regulator, the Financial and Capital Market Commission (FKTK) said June 17 it was handing out a record fine to local bank Rietumu Banka over failures in its anti-money laundering systems.
It's not only the Saeima and Constitutional Court who are currently pondering the meaning or meanings of the word "marriage". Now the Latvian central bank (Latvijas banka, LB) is getting in on the act with a collector coin dedicated to matters matrimonial.
In the first quarter of this year, the Latvian banking sector worked on a profit of EUR 52.321 million, which is three times that of the corresponding time period of 2020, according to data published by the Finance and Capital Market Commission (FKTK), LETA reported June 8.
Latvijas banka (LB), the Latvian central bank, has come up with another coin for collectors to add to their collections.
Former owners of the notorious Parex banka, Valerijs Kargins and Viktors Krasovickis will have to reimburse the state privatization agency and its subsidiary a cool 124.3 million euros, according to a decision of the Civil Cases Department of the Supreme Court, LSM's Latvian and Russian language services reported May 19.
A new survey conducted by Citadele bank and the Norstat research agency suggests 80% of Lithuanian, 56% of Latvian and 55% of Estonian parents support their children financially even after they reach adulthood.
The Disciplinary Committee at Nasdaq Stockholm on May 5 ordered Swedbank to pay a fine of twelve annual fees, equivalent of SEK 46.6 million (EUR 4.57 million) over historic failures in the field of anti-money-laundering measures linked to its Baltic operations.
Latvijas banka, the Latvian central bank (LB), has published its annual report on its activities in 2020, which is now available online.
On April 22, the Saeima conceptually supported the merger of Finance and Capital Market Commission (FKTK) and Latvian Central Bank (Latvijas Banka).
The annual public survey on the favorite collector's coin of the year chose the linden leaf coin released November 2020, Latvian Central Bank representatives said April 12.
April 1 may be almost upon us, but anyone in the mood for jokes on bank payment forms is being warned against it by the banks themselves.
Latvia's banking regulator, the Financial and Capital Market Commission (FKTK) warned March 29 about a British-registered financial services company that has reportedly been trying to do business in Latvia illegally.
From 22 March to 4 April 2021, Latvijas Banka, (the central bank, LB) organises its annual public vote "Latvia's Coin of the Year 2020".
Latvia's banking regulator, the Financial and Capital Market Commission (FKTK) said March 17 it was fining ABLV Asset Managment for "infringements of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing (AML law)."