Luminor bank warns of scam websites
Luminor bank warns customers to carefully check the address of the Internet bank used and to watch out for false websites that visually align with the actual Luminor Internet bank site.
'Financial literacy week' upcoming
The Latvian central bank, Latvijas Banka (LB), and its partners are inviting everyone to sharpen up their financial skills during Financial Literacy Week 2022 from 21 to 27 March.
Latvia has frozen 8 million euros in Russian assets so far
In connection with the sanctions imposed on Russia by the European Union (EU) and the United States (OFAC), approximately 8 million euros have been frozen in Latvian banks, according to data compiled by the Financial and Capital Market Commission (FKTK), the Finance Ministry said March 10
Non-cash payments worth 219.5 billion carried out in 2021
The total volume and value of customers' non-cash payments executed by Latvian payment service providers (credit institutions, electronic money institutions, payment institutions, Latvijas Banka and the Treasury) reached 583.5 million and 219.5 billion euro respectively in 2021, according to data published by the Latvian central bank (LB) February 24.
Collector coin marks centenary of Latvia's constitution
On Wednesday, 16 February, the Latvian central bank, Latvijas Banka (LB), will release a new 5 euro silver collector coin "Satversme 100". This coin is a tribute to the constitution (Satversme) of Latvia, which was adopted in 1922 and defines the form of government, values and relations between the individual and the state.
Instant transactions now possible at State Treasury
As of Tuesday, February 1, instant transactions or so-called 'lightning payments' can be executed with the state, since the Latvian State Treasury has joined the instant payment infrastructure maintained by Latvijas Banka, the Latvian central bank (LB) said in a release.
Latvia's financial regulator says it will carry out 43 on-site inspections this year
Latvia's financial sector and banking regulator, the Financial and Capital Market Commission (FKTK), said January 24 it is planning to carry out 43 on-site inspections at financial institutions in 2022 "to gain assurance that their activities comply with regulatory requirements, as well as to ensure the protection of the interests of customers of financial institutions."
Latvian 'crowdfunders' reminded to register with regulator
At the end of last year, a new segment - crowdfunding service providers – joined the financial market participants supervised by the Financial and Capital Market Commission (FKTK). The regulator on January 7 issued a reminder that companies offering such services need to register and get approval before they can do so.
Can Latvia be a global FinTech hub?
The Financial and Capital Market Commission (FKTK) with FinTech sector partners will hold an online discussion: 'Latvia – as the New Home for Global FinTech', on December 9 from 11:00 to 13:00.
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.
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