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Baltic International Bank SE
Country of origin
Latvia
Registration number
40003127883
LEI
213800U3Y2TMRMKLNE90
Legal address
Marijas iela 2A, Rīga, LV-1050
Licenses / Types of activities
Valid from
Valid to
License No.
Licence for the activities of a credit institution
Valid from
08.04.1993
Valid to
11.03.2023
License No.
06.01.02.01/530.1
Breaches of requirements of the internal control system in the areas of lending and investments, violations of laws and regulations in the field of risk management of money laundering, terrorism and proliferation financing, including breaches of requirements of the internal control system.
Date
26.03.2024
Status
Appealed
Sanctions applied
A fine of 31 731 euro has been imposed on Viktors Bolbats, a former Chair of the Board of Baltic International Bank SE. The Council of Latvijas Banka has decided to uphold the penalty sanction without modification in the appeal process.
Breaches of requirements of the internal control system in the areas of lending and investments.
Date
26.03.2024
Status
In force
Sanctions applied
A warning has been issued to Edgars Voļskis, a former Member of the Board of Baltic International Bank SE. The Council of Latvijas Banka has decided to uphold the penalty sanction without modification in the appeal process.
Insufficient risk management of money laundering, terrorism and proliferation financing, as well as ensuring the effective operation of the internal control system, and breaches of requirements of the internal control system in the areas of lending and investments.
Date
26.03.2024
Status
In force
Sanctions applied
A warning has been issued to Anda Saukāne, a former Member of the Board of Baltic International Bank SE who was responsible for monitoring the field of the prevention of money laundering and terrorism and proliferation financing.
Violations of regulatory requirements regarding the prevention of money laundering and terrorism financing related to the internal control system, customer base risks and their management.
Date
21.07.2023
Status
In force
Sanctions applied
Taking account of the fact that the bank's licence for the operation of a credit institution has been withdrawn and liquidation proceedings have been initiated on the basis of a court judgement, the fine applied previously has been cancelled in accordance with the administrative agreement.
Violation of the provisions of the Credit Institution Law: failure to timely submit and publish the audited annual report.
Date
15.08.2022
Status
In force
Sanctions applied
A fine of 5325 euro.