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AS "Aquarium Investments" IPS
Type of infringement:
Violations of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing and the FCMCs regulatory requirements: deficiencies in the internal control system, insufficient customer due diligence and monitoring of transactions
Date:
17.09.2019
Status:
In force
Sanctions applied:
A fine of 13 715,74 euro
Related article:
AS "SEB banka"
Type of infringement:
The provisions of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing (AML/CTF) and underlying regulatory as well as the Law on International Sanctions and National Sanctions of the Republic of Latvia and Council Regulation No 269/2014 and Council Implementing Regulation No 2018/1072 requirements had been violated.
Date:
19.12.2019
Status:
In force
Sanctions applied:
A fine of 672 684 euro for breaches of AML/CTF requirements and 1 121 140 euro for breaches of sanctions requirements imposed on the bank
Related article:
Akciju sabiedrība "Citadele banka"
Type of infringement:
The provisions of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing (AML/CTF) and underlying regulatory had been violated.
Date:
29.04.2020
Status:
In force
Sanctions applied:
A fine of 647 070 euro for breaches of AML/CTF requirements imposed on the bank
Related article:
Akciju sabiedrība "Rīgas kuģu būvētava"
Type of infringement:
Breach of Paragraph 5 of the Article 56, Paragraph 1 of the Article 57 and Paragraph 1 of the Article 57.² of the Financial Instruments Law - delayed publication of: annual report for 2018 together with auditor's opinion, financial information regarding the first three months of the 2019, interim periods regarding the first six months of the 2019, financial information regarding the first nine months of the 2019.
Date:
16.01.2020
Status:
In force
Sanctions applied:
A fine of 10 000 euro.
Related article:
Type of infringement:
Breach of Paragraph 5 of the Article 56, Paragraph 1 of the Article 57 and Paragraph 1 of the Article 57.² of the Financial Instruments Law.
Date:
14.12.2020
Status:
In force
Sanctions applied:
A fine of 10 000 euro imposed on the company. A fine of 1000 euro imposed on board member Einārs Buks.
Related article:
Type of infringement:
Breach of Paragraph 5 of the Article 56 and Paragraphs 1 and 2 of the Article 57.² of the Financial Instruments Law.
Date:
21.06.2021
Status:
In force
Sanctions applied:
A fine of 20 000 euro imposed on the company. A fine of 2500 euro imposed on board member Einārs Buks, a fine of 500 euro imposed on board member Deniss Parfens.
Related article:
Type of infringement:
Infringements of the Financial Instruments Market Law: Vasilijs Meļņiks, when disposing of an indirect major holding, and Irina Meļņika, when acquiring and subsequently disposing of an indirect major holding, did not notify it in accordance with procedures laid down in Section 61(1), Section 61.²(1) and (3) and Section 61.³(1) of the Financial Instruments Market Law; Irina Meļņika violated the provisions of Section 66(4), Clause 1 and Section 70(1) of the Financial Instruments Market Law regarding the making of a mandatory share buy-back offer, namely, the offer was not made upon the acquisition of indirect major holding of more than 30% of company shares.
Date:
14.09.2021
Status:
In force
Sanctions applied:
A fine of EUR 100 000 is applied to the shareholders Vasilijs Meļņiks and Irina Meļņika; an agreement with Irina Meļņika on making a mandatory share buy-back offer until 13.10.2021.
Related article:
Type of infringement:
Infringement of Financial Instruments Law
Date:
26.04.2023
Status:
In force
Sanctions applied:
A fine of 5100 euro for the violation of requirements laid down in Paragraph two of Section 4.¹ of the Financial Instrument Market Law, i.e. non-cooperation with the supervisory authority by failing to provide the information requested by it; a fine of 5600 euro for failure by the joint stock company to publish a complete interim report for the first six months of 2022, thus breaching the requirements under Paragraphs two and seven of Section 57 of the Financial Instrument Market Law.
Related article:
Type of infringement:
The requirements of the Financial Instrument Market Law have been infringed by not disclosing information on the decisions taken at the shareholders` meeting of joint stock company Rīgas kuģu būvētava held on 30 June 2022.
Date:
26.04.2023
Status:
In force
Sanctions applied:
Public announcement
Sabiedrība ar ierobežotu atbildību "VIA SMS group"
Type of infringement:
Breach of Paragraph 5 of the Article 56 of the Financial Instruments Law - delayed publication of annual report for 2018 together with auditor's opinion.
Date:
07.10.2019
Status:
In force
Sanctions applied:
A fine of 3000 euro.
Related article:
AS "mogo"
Type of infringement:
Breach of Paragraph 5 of the Article 56 of the Financial Instruments Law - delayed publication of annual report for 2018 together with auditor's opinion.
Date:
28.10.2019
Status:
In force
Sanctions applied:
Public announcement
Related article:
Akciju sabiedrība "Rīgas juvelierizstrādājumu rūpnīca"
Type of infringement:
Breach of the Article 66 - mandatory share buy-back offer has not been addressed to other shareholders.
Date:
20.10.2020
Status:
In force
Sanctions applied:
A fine of 20 000 euro on the shareholders of "Rīgas Juvelierizstrādājumu rūpnīca" Aleftīna Struļēviča, Vladimirs Cadovičs, Marija Ančevska, Valentins Istomins un SIA "Namejs 1".
Related article:
Akciju sabiedrība "Reģionālā investīciju banka"
Type of infringement:
The Bank, on certain occasions, had failed to comply with the regulatory obligation to verify the origin of financial resources.
Date:
05.11.2020
Status:
In force
Sanctions applied:
A fine of 473 076 euro.
Related article:
Type of infringement:
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
Related article:
Signet Pensiju Pārvalde IPAS
Type of infringement:
Violations of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing requirements.
Date:
16.03.2021
Status:
In force
Sanctions applied:
A fine of 57 217 euro.
Related article:
AS IBS "Renesource Capital"
Type of infringement:
Violations of the Fiancial Instruments Law
Date:
09.06.2021
Status:
In force
Sanctions applied:
A fine of 34 000 euro
Related article:
Type of infringement:
Violations of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing requirements.
Date:
09.06.2021
Status:
In force
Sanctions applied:
A fine of 34 000 euro imposed on the AS IBS "Renesource Capital". A fine of 2900 euro on the Chairman of the Board of AS IBS "Renesource Capital" M.Priede from the field of the AML/CTF compliance.
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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