Banks raise contactless pay limit to 50 euros
Latvia's retail banks have agreed to raise the standard limit for "contactless" transactions to 50 euros from the previous 25 euros, saying that doing so will potentially help counter the spread of coronavirus via buttons and keypads.
Vote, vote, vote for your favorite Latvian coin
If you're stuck at home doing your bit for social distancing, what better way to pass the time than by weighing up the comparative aesthetic merits of a small selection of Latvian coinage?
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.