PrivatBank Latvia hit with yet another fine for anti-money laundering failures
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.
Latvian central bank makes environmental pledge
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."
Where's your nearest bankomat?
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 exits the Latvian banking market
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.
Three Latvian banks categorised as "high risk" by regulator
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."
Latvian central bank warns about scammers
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. 
Latvian central bank to issue 'Marriage' coin
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.
Bank profits at EUR 52.321 million in first quarter
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.
Former Parex banka owners told to pay up
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.
Latvia's coin of the year 2020: linden leaf
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.
ABLV Asset Management fined by financial regulator
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)."

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