-
Filter:
-
Luminor Bank AS Latvijas filiāle
Type of infringement:
Breaches of the anti-money laundering and counter terrorism and proliferation financing regulatory requirements
Date:
23.08.2021
Status:
In force
Sanctions applied:
A warning
Related article:
Akciju sabiedrība "Olainfarm"
Type of infringement:
Infringements of the Financial Instruments Market Law, Regulation (EU) No 596/2014, Implementing regulation (EU) 2016/347.
Date:
20.09.2021
Status:
Adopted by FCMC
Sanctions applied:
A fine of 50 000 euro imposed on the company.
Related article:
Asja Berne, Nika Berne
Type of infringement:
Violation of procedures laid down in Section 7.¹ of the Law on Investment Management Companies, namely, a qualifying holding has been acquired indirectly in a company before notifying in advance the FCMC in writing of intention to acquire a qualifying holding in the company and prior to the receipt of the FCMC\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\'s permission to acquire a qualifying holding.
Date:
27.09.2021
Status:
Adopted by FCMC
Sanctions applied:
Public statement indicating the person responsible for the infringement and the nature of infringement.
Related article:
Nadežda Fiļa
Type of infringement:
Violation of procedures laid down in Section 7.¹ of the Law on Investment Management Companies, namely, a qualifying holding has been acquired indirectly in a company before notifying in advance the FCMC in writing of intention to acquire a qualifying holding in the company and prior to the receipt of the FCMC\\\\\\\'s permission to acquire a qualifying holding.
Date:
27.09.2021
Status:
Adopted by FCMC
Sanctions applied:
Public statement indicating the person responsible for the infringement and the nature of infringement.
Related article:
SIA "MONTEA INSURANCE BROKERS"
Type of infringement:
Deadline for submission of the half-yearly report delayed
Date:
15.11.2021
Status:
In force
Sanctions applied:
A warning
Related article:
AS Baltic Technology Ventures, Gene Zolotarevs
Type of infringement:
Infringement of Article 15 of Regulation No 596/2014
Date:
12.01.2022
Status:
In force
Sanctions applied:
AS Baltic Technology Ventures must pay a fine of EUR 25 000, while Gene Zolotarev – EUR 33 347.16. A joint commitment by Gene Zolotarev and AS Baltic Technology Ventures to make a binding share buy-back offer to all shareholders who have become such through the acquisition of shares on NASDAQ over the period from 13.08.2020, when the public statement on non-audited financial results was made, up to 06.05.2021, when the next updated statement on financial results was published, and who are currently shareholders of AS Baltic Technology Ventures.
Related article:
AS "PrivatBank"
Type of infringement:
Breaches of the anti-money laundering and counter terrorism and proliferation financing regulatory requirements.
Date:
23.05.2022
Status:
In force
Sanctions applied:
A fine of 893 986 euro. The fine has been reduced as a result of contesting and appealing the decision of the Board of the FCMC upon entering into the administrative agreement between the Bank and the FCMC.
Related article:
Type of infringement:
Failure to ensure an adequate and consistent risk culture and effective internal control system leading to infringements of the regulatory requirements regarding anti-money laundering and counter-terrorism and proliferation financing.
Date:
15.11.2021
Status:
In force
Sanctions applied:
A warning to Inga Rumba, the member of the board and the former acting chairperson of the board of AS PrivatBank.
Akciju sabiedrība "KURZEMES ATSLĒGA 1"
Type of infringement:
Breach of Paragraph 5 of the Article 56 of the Financial Instruments Law – delayed publication of annual report for 2021 together with auditor\\'s opinion
Date:
08.08.2022
Status:
In force
Sanctions applied:
Warning
Related article:
Viainvest
Type of infringement:
Infringements of the Law on the Financial Instruments Market and the Law on Investment Firms and the requirements of the laws and regulations in the field of prevention of money laundering and terrorism and proliferation financing and sanctions risk management.
Date:
11.10.2022
Status:
In force
Sanctions applied:
A warning about infringements of the Law on the Financial Instruments Market and the Law on Investment Firms and a fine in the amount of 21 277.58 euro for the infringements of the requirements of the laws and regulations in the field of prevention of money laundering and terrorism and proliferation financing and sanctions risk management.
Related article:
SIA "DIKAS"
Type of infringement:
NILLTPFN likuma prasību pārkāpumi - trūkumi risku novērtējumā un IKS dokumentā, IKS dokumenta efektivitātes izvērtēšanā, darbinieku apmācībā, klientu izpētē un klientu veikto darījumu uzraudzībā.
Date:
26.03.2020
Status:
In force
Sanctions applied:
Soda nauda SIA “DIKAS” – 6 000 EUR Pienākums SIA “DIKAS” nodrošināt normatīvo aktu pārkāpumu novēršanu. Pienākums SIA “DIKAS” atcelt no amata atbildīgo darbinieku
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).
Back