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Sanctions
Breach of Section 61.³(1) of the Financial Instrument Market Law and Article 19(1) of Regulation (EU) No 596/2014.
Date
08.10.2025
Status
In force
Sanctions applied
Fine of EUR 22,000 for the breach of the Financial Instrument Market Law; fine of EUR 5,500 for the breach of Regulation (EU) No 596/2014.
Breach of Section 61.³(1) of the Financial Instrument Market Law
Date
08.10.2025
Status
In force
Sanctions applied
Fine of EUR 40,000
Deficiencies of the internal control system and violations of the requirements of the laws and regulations governing the prevention of money laundering and terrorism and proliferation financing in connection with the provision of payment services in Latvia through agents.
Date
25.06.2025
Status
In force
Sanctions applied
A warning
Violations of the requirements of the laws and regulations in the field of the prevention of money laundering and terrorism and proliferation financing and sanctions risk management, including occasional transactions in cash conducted by unidentified persons.
Date
18.06.2025
Status
Adopted by Supervision Committee of Latvijas Banka
Sanctions applied
The company's business activity has been suspended, and deadlines have been set for addressing the violations.The company's business activity has been suspended, and deadlines have been set for addressing the violations.
Violation of the obligation to buy back shares laid down in Section 42 of the Share Buy-back Law.
Date
03.03.2025
Status
Contested
Sanctions applied
A warning
Breaches of the regulatory requirements regarding the prevention of money laundering and terrorism and proliferation financing
Date
20.12.2024
Status
In force
Sanctions applied
A warning
Violations of capital requirements under the Law on Payment Services and Electronic Money
Date
11.09.2024
Status
Adopted by Supervision Committee of Latvijas Banka
Sanctions applied
Warning
Section 19(3), Section 20(9) and (10) and Section 27 of the Law on Savings and Loan Associations
Date
05.06.2024
Status
Adopted by Supervision Committee of Latvijas Banka
Sanctions applied
Warning
Violations of regulatory requirements regarding the prevention of money laundering and terrorism financing and shortcomings in the internal control system
Date
12.12.2023
Status
In force
Sanctions applied
A fine of 259 867 euro
Violations of regulatory requirements regarding the prevention of money laundering and terrorism financing
Date
06.12.2023
Status
In force
Sanctions applied
A fine of 2 016 342 euro