FCMC fines Signet Bank with EUR 906,600 for breaching AML rules

  • 2020-07-16
  • LETA/TBT Staff
RIGA - The Board of the Financial and Capital Market Commission (FCMC) has decided to impose a five of EUR 906,610 on Latvia's Signet Bank for breaches of the anti-money laundering and counter terrorism and proliferation financing (AML) regulatory requirements, LETA was told at the commission. The FCMC has also subjected the bank to a number of legal obligations, including the submission to the FCMC an action plan for addressing breaches and shortcomings identified and carrying out an independent review of efficiency and compliance of internal control system with the ...
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