Posts published in Day: November 8, 2020

Latvia: Regulator fines Regional Investment Bank for “irregularities”

Sunday, November 8, 2020

Latvia’s financial regulator, the Financial and Capital Market Commission (FKTK) said November 6 it had decided on November 3 to impose a fine of EUR 473,076 on Reģionālā investīciju banka (Regional Investment Bank, RIB) for “irregularities in detecting the source of funds, which were identified during a FKTK inspection in large value cash transactions carried out by the Bank’s high-risk clients from high-risk jurisdictions.” RIB “failed to ensure adequate risk management and was…

Lithuanian leaders congratulate Joe Biden on US election victory

Sunday, November 8, 2020

Lithuania’s President Gitanas Nausėda and Prime Minister Saulius Skvernelis congratulated Joe Biden on winning the the presidency of the United States on Saturday evening, shortly after US media projected the Democrat has defeated Republican incumbent Donald Trump in the election. “Congrats @JoeBiden on winning the #US Presidential elections! Look forward to continuing strategic bilateral cooperation! Lithuania cherishes strong transatlantic bond & #US leadership in @NATO, the guarantor of the security…