Company Information

Get to know ABLV Group SA

ABLV Bank, AS was one of Latvia's largest private banks, established in 1993. It specialized in providing a wide range of banking, investment, and advisory services primarily to high-net-worth international clients, with a significant client base from CIS countries. The bank's operations came to an abrupt halt in February 2018 after the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) accused it of institutionalized money laundering, leading to a decision by the European Central Bank (ECB) that it was "failing or likely to fail." Subsequently, the bank's shareholders opted for a voluntary liquidation process to meet obligations to clients and creditors.

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Financial Private BankingPRIMARY
Financial Other Service

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ABLV Group SA

Switzerland

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

(78 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.