Renesource Capital

• LiftedLatvijas Banka

  Debarment

  In this state since

  12 Sept 2026

  Designated

  9 Jun 2020

  Reason given

  The Financial and Capital Market Commission (FCMC) and investment firm AS "Renesource Capital" (Renesource Capital) have entered into an administrative agreement, agreeing on the necessary improvements to the activities of the investment firm in order to address the shortcomings identified during inspections carried out by the FCMC. The agreement stipulates a fine of EUR 34 000 for infringements of the Financial Instruments Market Law (FIML) on Renesource Capital as well as a fine of EUR 34 000 for infringements of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing (AML law). A fine of EUR 2900 is also applied to the Chairman of the Board Mārtiņš Priede. During the inspections, the FCMC identified a number of violations of regulatory requirements in the activities of Renesource Capital, such as applying covert commissions, providing incomplete and untimely information on expenses and costs before and after a transaction, failure to timely notify a customer of planned costs and expenses before the provision of investment services or ancillary services, as well as shortcomings in internal governance. In addition, an effective AML/CTPF internal control system, specific to the nature of Renesource Capital’s activities and to risks inherent in the services provided was not ensured, resulting in breaches of the AML/CTPF regulatory framework in particular with regard to customer due diligence and transaction monitoring. As part of inspection, the FCMC concluded that Mārtiņš Priede, Chairman of the Board of Renesource Capital, as the responsible person for monitoring the AML/CTPF field, did not ensure that Renesource Capital took appropriate measures to guarantee effective functioning of AML/CTPF internal control system and independence of risk management functions, thereby exposing Renesource Capital to the money laundering and reputational risks. When deciding on the administrative agreement and determining the amount of fine applicable, the FCMC took into account the fact that Renesource Capital had cooperated with the FCMC, including voluntarily eliminated most of identified infringements and started work to address the remaining deficiencies. In order to avoid irregularities identified during the inspections, the administrative agreement includes the following measures which Renesource Capital undertakes to fully comply with in the time limits specified. Renesource Capital should provide an adequate and sufficient compliance monitoring and risk control system in line with the specific nature of the activities of Renesource Capital by the deadline specified by the FCMC, as well as take the necessary measures for enhancing the internal control system in the field of AML/CTPF and sanctions risk management under the requirements of the Financial Instruments Market Law.

  Document

  The publisher's document (https://registers.esma.europa.eu/publication/details?core=esma_registers_sanctions&docId=sn10655)

  Stated by

  ESMA Sanctions Register

  First recorded here

  12 Sept 2026

  Listing id

  10655

• LiftedLatvijas Banka

  MiFID

  In this state since

  23 Oct 2026

  Designated

  9 Jun 2020

  Reason given

  The Financial and Capital Market Commission (FCMC) and investment firm AS "Renesource Capital" (Renesource Capital) have entered into an administrative agreement, agreeing on the necessary improvements to the activities of the investment firm in order to address the shortcomings identified during inspections carried out by the FCMC. The agreement stipulates a fine of EUR 34 000 for infringements of the Financial Instruments Market Law (FIML) on Renesource Capital as well as a fine of EUR 34 000 for infringements of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing (AML law). A fine of EUR 2900 is also applied to the Chairman of the Board Mārtiņš Priede. During the inspections, the FCMC identified a number of violations of regulatory requirements in the activities of Renesource Capital, such as applying covert commissions, providing incomplete and untimely information on expenses and costs before and after a transaction, failure to timely notify a customer of planned costs and expenses before the provision of investment services or ancillary services, as well as shortcomings in internal governance. In addition, an effective AML/CTPF internal control system, specific to the nature of Renesource Capital’s activities and to risks inherent in the services provided was not ensured, resulting in breaches of the AML/CTPF regulatory framework in particular with regard to customer due diligence and transaction monitoring. As part of inspection, the FCMC concluded that Mārtiņš Priede, Chairman of the Board of Renesource Capital, as the responsible person for monitoring the AML/CTPF field, did not ensure that Renesource Capital took appropriate measures to guarantee effective functioning of AML/CTPF internal control system and independence of risk management functions, thereby exposing Renesource Capital to the money laundering and reputational risks. When deciding on the administrative agreement and determining the amount of fine applicable, the FCMC took into account the fact that Renesource Capital had cooperated with the FCMC, including voluntarily eliminated most of identified infringements and started work to address the remaining deficiencies. In order to avoid irregularities identified during the inspections, the administrative agreement includes the following measures which Renesource Capital undertakes to fully comply with in the time limits specified. Renesource Capital should provide an adequate and sufficient compliance monitoring and risk control system in line with the specific nature of the activities of Renesource Capital by the deadline specified by the FCMC, as well as take the necessary measures for enhancing the internal control system in the field of AML/CTPF and sanctions risk management under the requirements of the Financial Instruments Market Law.

  Document

  The publisher's document (https://registers.esma.europa.eu/publication/details?core=esma_registers_sanctions&docId=sn10655)

  Stated by

  ESMA Sanctions Register

  First recorded here

  12 Sept 2026

  Listing id

  10655

No ownership verdict was on file for this company on 24 October 2026.

As recorded by the assessment reading taken on 23 October 2026, 12:15 UTC, the newest on or before the date. Only “checked, not found” means a source was read in full and held nothing for the company.

Where the company is registered or connected

• LV: registered here

  Registers read here: Latvia Enterprise Register. Shareholders read from: Latvia Enterprise Register (members).

• Whether each listing was in force is rebuilt from what was recorded here: when it was first read, when a source stopped or resumed carrying it, and when its published term ended. A listing in force at an authority before this system first read it is shown from that first read.
• No ownership verdict is kept for this company. Verdicts are kept for companies registered where shareholders are read here: Estonia, Latvia and Poland.

For each source behind this file, the newest read made on or before the date: the version of it that stood.

• Australia DFAT Consolidated List

  Read on 19 October 2026. No date from the publisher is read for this file, so its age is not known here. 3,650 records read.

• Brazil CEIS (national procurement exclusions)

  Read on 21 October 2026. No date from the publisher is read for this file, so its age is not known here. 23,804 records read.

• Brazil MTE employer register (lista suja)

  Read on 21 October 2026. No date from the publisher is read for this file, so its age is not known here. 508 records read.

• Brazil TCU (firms declared inidôneas)

  Read on 22 October 2026. No date from the publisher is read for this file, so its age is not known here. 94 records read.

• Canada Consolidated Autonomous Sanctions List

  Read on 19 October 2026. No date from the publisher is read for this file, so its age is not known here. 5,708 records read.

• EBRD Ineligible Entities

  Read on 22 October 2026. No date from the publisher is read for this file, so its age is not known here. 1,278 records read.

• ESMA Sanctions Register

  Read on 23 October 2026. No date from the publisher is read for this file, so its age is not known here. 845 records read.

• EU Consolidated Sanctions List

  Read on 19 October 2026. The publisher dates the file 15 October 2026, 4 days before it was read. 6,234 records read. Publisher's version: globalFileId 185699.

• France AMF blacklist of unauthorised actors

  Read on 23 October 2026. No date from the publisher is read for this file, so its age is not known here. 2,574 records read.

• France Registre national des gels

  Read on 19 October 2026. No date from the publisher is read for this file, so its age is not known here. 2,017 records read.

• IDB Sanctioned Firms and Individuals

  Read on 23 October 2026. No date from the publisher is read for this file, so its age is not known here. 530 records read.

• Japan MOF Sanctions List

  Read on 19 October 2026. No date from the publisher is read for this file, so its age is not known here. 2,900 records read.

• Latvia FID frozen assets register

  Read on 20 October 2026. No date from the publisher is read for this file, so its age is not known here. 183 records read.

• Malaysia BNM financial consumer alert list

  Read on 19 October 2026. No date from the publisher is read for this file, so its age is not known here. 588 records read.

• Malaysia SC investor alert list

  Read on 19 October 2026. No date from the publisher is read for this file, so its age is not known here. 1,795 records read.

• Moldova procurement ban list

  Read on 29 September 2026. No date from the publisher is read for this file, so its age is not known here. 22 records read.

• New Zealand Russia Sanctions Register

  Read on 20 October 2026. No date from the publisher is read for this file, so its age is not known here. 529 records read.

• Norges Bank (fund exclusions and observation)

  Read on 20 October 2026. No date from the publisher is read for this file, so its age is not known here. 201 records read.

• OFAC Consolidated (non-SDN)

  Read on 19 October 2026. The publisher dates the file 14 September 2026, 35 days before it was read. 481 records read.

• OFAC SDN

  Read on 19 October 2026. The publisher dates the file 15 October 2026, 4 days before it was read. 17,556 records read.

• Poland MSWiA sanctions list

  Read on 21 October 2026. No date from the publisher is read for this file, so its age is not known here. 131 records read.

• SAM.gov Exclusions (US federal)

  Read on 24 October 2026. No date from the publisher is read for this file, so its age is not known here. 10,194 records read.

• Slovenia KPK business restrictions

  Read on 15 October 2026. No date from the publisher is read for this file, so its age is not known here. 4,351 records read.

• Swiss FINMA warning list

  Read on 19 October 2026. No date from the publisher is read for this file, so its age is not known here. 2,372 records read.

• Switzerland SECO Sanctions List

  Read on 19 October 2026. The publisher dates the file 15 October 2026, 4 days before it was read. 7,040 records read.

• Taiwan SHTC export entity list

  Read on 21 October 2026. No date from the publisher is read for this file, so its age is not known here. 11,664 records read.

• Türkiye MASAK asset freezes

  Read on 22 October 2026. No date from the publisher is read for this file, so its age is not known here. 2,304 records read.

• UK OFSI Consolidated List

  Read on 8 October 2026. The file carries no date of its own; its newest record is dated 3 June 2026, 127 days before it was read. Newest designation in the file: 2025-12-19. 5,120 records read.

• UK Sanctions List (FCDO)

  Read on 19 October 2026. The publisher dates the file 16 October 2026, 3 days before it was read. 5,705 records read.

• UN Security Council Consolidated List

  Read on 19 October 2026. The publisher dates the file 17 October 2026, 2 days before it was read. 1,010 records read.

• US CBP forced-labour orders (WRO & Findings)

  Read on 20 October 2026. No date from the publisher is read for this file, so its age is not known here. 63 records read.

• US Consolidated Screening List

  Read on 19 October 2026. No date from the publisher is read for this file, so its age is not known here. 6,474 records read.

• US UFLPA Entity List

  Read on 20 October 2026. No date from the publisher is read for this file, so its age is not known here. 205 records read.

• World Bank Listing of Ineligible Firms and Individuals

  Read on 23 October 2026. No date from the publisher is read for this file, so its age is not known here. 1,539 records read.

Taken

23 October 2026, 12:15 UTC

Methodology

Version 5

Level

Low

Score recorded

25 of 100

Digest

ef5d9d9c6f04fa4a43f0b60f53ff1e0ae621fe35A fingerprint of everything the reading says. The same reading always has this digest, and any change in it gives another.

Reading id

9a282be1-11ca-43f8-9c56-9d12e6100c8d

Address

https://apolika.com/entities/72688ce3-858a-42c6-af99-07050d42629b/evidence?as_of=2026-10-24The same address gives the same day's file tomorrow. What was recorded after the date is not in it.

As data

https://apolika.com/api/entities/72688ce3-858a-42c6-af99-07050d42629b/evidence?as_of=2026-10-24T18%3A38%3A03.065Z

Made

24 October 2026, 18:38 UTC