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
Payment service providers
Phone
67025555
E-mail
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 in the field of anti-money laundering and countering terrorism and proliferation financing (AML/CTPF).
Date
17.06.2021
Status
In force
Sanctions applied
A fine of 1.9 million euro. The previously imposed fine has been reduced in view of the fact that Latvijas Banka and AS Rietumu Banka concluded an administrative agreement on 22 November 2024, thereby ending the legal dispute between both parties. Furthermore, AS Rietumu Banka has, since 15 June 2021, addressed the infringements in its internal control system in the field of AML/CTPF.
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).