VID fines six firms 500-2000 euros for AML and sanctions breaches

Latvian businesses supervised by the Valsts ieņēmumu dienests (VID) as NILLTPFN obliged entitiesLikumi face six new published penalty decisions for anti-money-laundering and sanctions-control failuresVID. The decisions, dated 29 October to 5 November 2026, impose fines of 500 to 2000 eurosVID for missing risk assessments, late or absent client identification and research, absent transaction monitoring, unreported suspicious transactionsVID and missing sanctions-risk controlsVID.

The three fines at or below 900 euros concern client work and monitoring. SIA "POZIT" drew 500 eurosVID on 29 October for incomplete transaction monitoringVID and failure to report suspicious transactions to the Finanšu izlūkošanas dienestsVIDLikumi. SIA "SPIRIT ANIMAL" drew 500 eurosVID the same day because client identification and research measures and the NILLTPFN and sanctions risk assessments were lateVID, and no transaction monitoring was performedVID. SIA "FINANŠU UN NODOKĻU SERVISS" drew 900 eurosVID on 30 October for incomplete monitoringVIDVID and unreported suspicious transactionsVID.

The three fines that also cite the Sankciju likums 13.1 requirements add sanctions-document failures. SIA "PAUMAR" drew 1000 eurosVID on 29 October: its own and its clients' NILLTPF risk assessment was undocumentedVID, it had not registered in the Finanšu izlūkošanas dienests data receipt and analysis systemVID, its internal control system was incompleteVID, client research and identification were missing along with requested documentsVID, and it had no international and national sanctions-risk internal control systemVID, breaching the Sankciju likums 13.1 requirements as wellVID. SIA "PŪCE-GP" drew the round's largest fine, 2000 eurosVID, on 2 November: no compliant NILLTPF risk assessmentVID, no client researchVID, late notification of VID about the appointment of the responsible personVID, and no documents evidencing its own and its clients' sanctions non-compliance risksVID. SIA "STRELĪCIJA" drew 850 eurosVID on 5 November for inadequate client identificationVID, incomplete monitoring, unreported suspicious transactions and missing sanctions-risk documentsVID.

Two appeal developments accompany the new fines. In the older register, the SIA "2KMS" row — a 400 euro fineVID from 1 October 2024 for a deficient internal control systemVID, missing client risk assessment, identification and researchVID, and an undocumented client sanctions-risk assessmentVID — now records that the Administrative Regional Court left the VID decision unchangedVID by its judgment of 2 November 2026, following earlier unsuccessful challenges before the VID director general and the Administrative District Court. Separately, the 750 euro decision of 2 October 2026 against Ilona BindjukovaVID for failing to ensure an inspection and produce requested documentsVID is now marked as appealedVID.

For compliance officers, the practical read is twofold: anyone screening these six named firms or Bindjukova now sees fresh or contested enforcement history, and every VID-supervised obliged entity should confirm that its risk assessment is documented, client identification and research records can be produced, transaction monitoring runs, suspicious transactions are reported, the sanctions-risk control system exists, FID registration is in place and the responsible person has been notifiedVID. The duties sit within the Noziedzīgi iegūtu līdzekļu legalizācijas un terorisma un proliferācijas finansēšanas novēršanas likums and the Starptautisko un Latvijas Republikas nacionālo sankciju likumsVID, enforced by VID against the obliged entities it supervises.