The Latvian central bank (Latvijas banka, LB) on December 1 revealed the faces of a new collector coin in its rapidly growing portfolio of numismatic offerings.
An instant payment system, RT1, run by EBA Clearing, a company established by European banks, went live 21 November 2017, with two Latvian banks involved, the Latvian central bank (LB) said in a statement.
Latvia's financial regulator, the Financial and Capital Market Commission (FKTK) has vowed to continue the battle against "phantom" clients in the country's boutique banking sector, often part of money-laundering schemes.
Latvia's financial regulator, the Financial and Capital Market Commission (FKTK) said November 14 it was fining Meridian Trade Bank (formerly known as SMP Bank and before that as Multibanka) nearly 900,000 euros for "deficiencies in its internal control system."
November 8 saw the opening in Riga of a pan-Baltic office (or "chapter" to use the official designation of the Association of Certified Anti-Money Laundering Specialists (ACAMS), an organization dedicated to improving the fight against illicit flows of cash - a problem that over the last decade has been a constant problem within the Latvian banking sector.
The Latvian central bank (Latvijas banka) has yet another collector coin to offer you - this time with a mythological and folkloric theme.
Latvia's former top financial regulator, Financial and Capital Market Commission (FKTK) head Kristaps Zakulis, has been confirmed as a member of the board at Luminor Bank, the LETA newswire reported on Friday 13th October.
In the latest scandal to hit the Latvian banking sector, it appears a home-grown Latvian bank is being used to help send cash into the Russia-backed regime in Donetsk, eastern Ukraine, with the illegally-constituted local authorities having a say in how it is spent.
Luminor, the merged bank between DNB and Nordea, will open up October 1, bank representatives said September 20.
The Organized Crime and Corruption Reporting Project (OCCRP) released fresh details September 4 of an alleged 2.9 billion dollar money laundering operation involving Azerbaijan's authoritarian leadership clan and bribes paid to European politicians, often using British-registered companies.
The Latvian Central Bank is back with yet another collector coin, and this time it's GOLD!
Latvia's banks operated with a profit of nearly €200 million during the first seven months of the year according to data released August 29 by the Financial and Capital Markets Commission (FKTK).
The Latvian Central Bank (Latvijas Banka, LB) said August 28 it had developed a system enabling banks to provide instant payment services to their customers: an opportunity to transfer money from an account in one bank to an account in another bank "within a matter of seconds on any day and at any time of the day."