LV

Market

Akciju sabiedrība "Rietumu Banka"

Registration number
40003074497
Legal address
Vesetas iela 7, Rīga, LV-1013
Country of origin
Latvia
Supervisory authority

Market segments

Market segment
Investment service providers
Phone
67025555
E-mail
Website
Other market segments

Licenses / Types of activities

Credit institutions
Banks
Activities of a credit institution
License / Doc. number: 06.01.04.018/245
Date: 10.06.1998

Substantial Participation

Name / First name, Last name
BOSWELL (INTERNATIONAL) CONSULTING LIMITED
Volume of participation
between 33% and 50%

Name / First name, Last name
SIA "Esterkin Family Investments"
Volume of participation
between 33% and 50%

Name / First name, Last name
SIA "Suharenko Family Investments"
Volume of participation
between 10% and 20%

Type of infringement
Infringements of the regulatory requirements regarding anti-money laundering and counter-terrorism and proliferation financing.
Date
30.05.2022
Status
Appealed
Sanctions applied
A fine of 5.27 million euro. The fine has been reduced as a result of contesting the decision of the FCMC Board, taking into account the investment made and planned by the Bank in the development of the internal control system.
Related article

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).

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