Type of infringement
Violation of the internal control system requirements, infringements of the regulatory requirements regarding anti-money laundering and counter-terrorism and proliferation financing, violations if the field of lending and investments.
Date
26.03.2024
Status
Adopted by Supervision Committee of Latvijas Banka
Sanctions applied
A fine of 31 731 euro on Viktors Bolbats, former Chair of the Board of Baltic International Bank SE, and a warning to Edgars Voļskis, Member of the Board, and Anda Saukāne, Member of the Board responsible for monitoring the field of the prevention of money laundering and terrorism and proliferation financing.
Related article
Type of infringement
Violations of regulatory requirements regarding the prevention of money laundering and terrorism financing related to the internal control system, customer base risks and their management.
Date
21.07.2023
Status
In force
Sanctions applied
Taking account of the fact that the bank's licence for the operation of a credit institution has been withdrawn and liquidation proceedings have been initiated on the basis of a court judgement, the fine applied previously has been cancelled in accordance with the administrative agreement.
Related article
Type of infringement
Violation of the provisions of the Credit Institution Law: failure to timely submit and publish the audited annual report.
Date
15.08.2022
Status
In force
Sanctions applied
A fine of 5325 euro.
Related article
Type of infringement
Violation of the provisions of the Credit Institution Law: for failure to submit and publish audited annual report
Date
29.04.2019
Status
In force
Sanctions applied
A fine of 4 793 euro
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