July 15 2019
The Board of the Financial and Capital Market Commission (FCMC) on 09.07.2019 decided to apply a fine of 1 028 850 euro to Rigensis Bank AS (hereinafter – the Bank) for infringements of regulatory requirements regarding the prevention of money laundering and terrorism financing (hereinafter – the AML/TF), as well as to issue a warning to Renārs Degro, the member of the Board responsible for the field of AML/TF. A number of legal obligations have been imposed on the Bank, including request to submit to the FCMC a plan of measures to address the identified irregularities and shortcomings, to have an independent assessment of the internal control system and a customer base audit within the specified deadline.
