{"id":478,"date":"2019-12-20T12:53:11","date_gmt":"2019-12-20T16:53:11","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=478"},"modified":"2025-01-14T06:18:31","modified_gmt":"2025-01-14T10:18:31","slug":"latvia-bank-fined-e1-1m-for-russian-sanctions-compliance-failings","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2019\/12\/20\/latvia-bank-fined-e1-1m-for-russian-sanctions-compliance-failings\/","title":{"rendered":"Latvia &#8211; bank fined \u20ac1.1m for Russian sanctions compliance failings"},"content":{"rendered":"<p>The Latvian financial services regulator (the FKTK) has fined SEB Bank \u20ac1.8 million, of which \u20ac1,121,140 related to shortcomings in the bank&#8217;s sanctions compliance.<\/p>\n<p>The inspections leading to the fine had taken place in 2017 and 2018.<\/p>\n<p>The failings are said to have been specific to the EU&#8217;s Russian sanctions in regulation 269\/2014 (as amended).<\/p>\n<p>The fine was stated to be for not screening for companies and other assets owned by designated persons.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Latvian financial services regulator (the FKTK) has fined SEB Bank \u20ac1.8 million, of which \u20ac1,121,140 related to shortcomings in the bank&#8217;s sanctions compliance. The inspections leading to the fine had taken place in 2017 and 2018. The failings are said to have been specific to the EU&#8217;s Russian sanctions in regulation 269\/2014 (as amended). &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2019\/12\/20\/latvia-bank-fined-e1-1m-for-russian-sanctions-compliance-failings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Latvia &#8211; bank fined \u20ac1.1m for Russian sanctions compliance failings&#8221;<\/span><\/a><\/p>\n","protected":false},"author":656,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74,71],"tags":[20,12,30,18],"ppma_author":[7],"class_list":["post-478","post","type-post","status-publish","format-standard","hentry","category-74","category-financial-services","tag-financial-sanctions","tag-fine","tag-latvia","tag-russia"],"authors":[{"term_id":7,"user_id":656,"is_guest":0,"slug":"mhandley","display_name":"Mark Handley","avatar_url":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-content\/uploads\/sites\/65\/2023\/09\/handleymark-100x100.jpg","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/users\/656"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/comments?post=478"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/478\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=478"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}