First Smart-ID users must update data
For those who began using the Smart-ID online authentication app three years ago, this year their accounts will expire and around 60,000 people will need to update their personal information, according to the Latvian Radio broadcast “Eiro fokusā” on February 11.
Former private banker detained in ABLV case
A court has ordered the detention of Andris Ovsjaņņikovs, a former ABLV Bank private banker in connection with an ongoing €50 million money laundering investigation, reports Latvian Radio.
Swedish financial regulator probing SEB's Baltic operations
Sweden's financial regulator announced December 18 it is launching "a sanction case in the investigation into Skandinaviska Enskilda Banken AB’s (SEB) governance and control of measures to combat money laundering in the bank’s subsidiaries in the Baltic countries."
Latvian financial regulator updates media on Lembergs sanctions
Latvia's financial regulator, the Financial and Capital Market Commission (FKTK) said December 12 that while it was helping to fully implement U.S, sanctions against Aivars Lembergs, it was also working to ensure any wider damage to the economy was minimised.
Swedbank ditches Baltic banking head
Swedbank, the largest financial institution in the Baltic states, announced December 9 it was getting rid of its head of Baltic banking, in the wake of recent Swedish TV reports on failures in anti- money laundering safeguards from the bank's Estonian operations.
Four candidates to take over at Latvian central bank
Four people are in the running to become the next head of the Latvian Central Bank - and by extension a member of the European Central Bank's governing council - when the mandate of the current governor, Ilmārs Rimšēvičs, comes to an end on December 21.
Swedish banks on the defense over Baltic operations
Swedish banks Swedbank and SEB have responded to new investigations by Swedish Television (SVT) which question the extent to which the banks may have been used to launder vast amounts of Russian cash and circumvent international sanctions.
Consumer rights watchdog fines lender Latvijas Hipotēka
The Consumer Rights Protection Center (PTAC) has fined non-bank credit lender "Latvijas Hipotēka", applying a 50 000 euro penalty and ordering them to cease the unfair business practices, according to LTV's Panorāma broadcast.