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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)."
Citadele bank buys ABLV's mortgage portfolio
Citadele bank on March 12 announced the acquisition of the majority of the mortgage portfolio owned by ABLV bank, which is already into the third year of its lengthy liquidation procedure.
Financial regulator to add sustainability and competitiveness to regulatory environment
Latvia's financial sector regulatir, the Financial and Capital Market Commission (FKTK) has developed its sustainability strategy to "purposefully promote the development of a sustainable, stable and sound Latvian financial sector, a reliable and respectful relationship with the society, as well as to implement socially responsible organizational principles" it said February 24, describing sustainable development as "one of the FKTK's priorities this year."
EUR 181 billion in non-cash payments were made in Latvia during 2020
In 2020 in Latvia, non-cash payments totalling 181.1 billion euro were executed by Latvian payment service providers, (credit institutions, electronic money institutions, payment institutions, and the Treasury), according to the Latvian central bank (Latvijas banka, LB).
Nordics and Baltics hire IMF to probe regional money-laundering risks
Latvia is among a group of Nordic and Baltic countries that are asking the International Monetary Fund (IMF) to conduct an analysis of cross-border money laundering and terrorist financing risks in the region, the Latvian Central Bank, (Latvijas Banka, LB) said in a statement January 21.
Latvian bank allegedly linked to Putin's pink palace scheme
Latvian bank “SMP bank” played a role in a complex chain of transactions that helped Russian President Vladimir Putin obtain a palatial private residence, according to Georgy Alburov, an associate of Russian opposition figure Alexey Navalny and his Anti-Corruption Foundation (FBK).
Central bank to issue 'de jure' commemorative coin
Latvijas Banka, the Latvian central bank, is issuing a 2 euro commemorative coin dedicated to the 100th anniversary of the de jure recognition of the Republic of Latvia. The coin will only be available for online purchase in gift packaging and in souvenir sets.
Regulator issues warning about unlicensed financial services company
Latvia's financial regulator, the Financial and Capital Market Commission (FKTK) issued a warning December 23 about financial services being offered by an unlicensed provider called "BLP Baltijas Privatbanka" on its website https://www.blpbank.com/. On Wednesday afternoon the website appeared to be no longer functioning.
Luminor bank completes €300m bond issue
Luminor, third-largest provider of financial services in the Baltics, has completed a €300m bond issue, the bank confirmed in a press release. In addition, the bank has repurchased €250m of existing bonds due in 2021. The transactions, were completed on December 3.
Regulator fines Regional Investment Bank for "irregularities"
Latvia's financial regulator, the Financial and Capital Market Commission (FKTK) said November 6 it had decided on November 3 to impose a fine of EUR 473,076 on Reģionālā investīciju banka (Regional Investment Bank, RIB) for "irregularities in detecting the source of funds, which were identified during a FKTK inspection in large value cash transactions carried out by the Bank's high-risk clients from high-risk jurisdictions." 
Coronavirus influences patterns of ATM usage
The coronacrisis has influenced human behavior in numerous ways, some directly, some indirectly. Among the latter category is the usage of automated teller machines (ATMs), also known as cash machines or bankomāti, according to data from Luminor bank.
Latvian central bank issues 'Modernist' collector coin
The Latvian central bank, (Latvijas banka, LB) has released another collector coin to pique the interest of numismatists everywhere. This one is square-ish and dedicated to the theme of Modernist art in Latvia in the 1960s, known as the period of the Thaw, associated with the political developments of that time.

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