AS "MARIKA"
Registration number
40103035710
Legal address
Brīvības bulvāris 30-5, Rīga, LV - 1050
Country of origin
Latvia
Foreign exchange trading addresses:
Brīvības bulvāris 30-3, Rīga, LV-1050;
Brīvības bulvārī 30 (1. stāva telpas), Rīga, LV-1050
Market segments
Market segment
Foreign exchange trading companies
Other market segments
Licenses / Types of activities
Foreign exchange trading companies
Foreign exchange trading
Date: 17.10.1994
Type of infringement
Violations of the requirements of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing – deficiencies in the risk assessment, the internal control system document and the assessment of the document\'s operational efficiency, deficiencies in customer due diligence and the monitoring of the transactions executed, deficiencies in the processes of the staff training and the responsible staff performance appraisal, deficiencies in the compliance with the requirements for destroying documents.
Date
21.05.2021
Status
In force
Sanctions applied
A fine of 5750 euro. The fine initially imposed by the administrative agreement concluded between Latvijas Banka and AS MARIKA on 8 November 2023 has been reduced to 5750 euro. The fine has been paid into the state budget.
How to become a market participant
In order to become a participant of Latvian financial and capital markets and commence business activities, a credit institution, an insurance company, a reinsurance company, an insurance broker, a credit union, an investment management company, an investment firm, an operator of regulated market, a pension fund, a payment institution, an electronic money institution, as well as an alternative investment fund manager shall obtain operating authorisation (licence).