By order of February 11, the Bank of Russia revoked the license for banking operations from the credit score establishment JSC Conservative Commercial Bank, in keeping with site regulator.
According to the Central Bank, by way of property, the credit score establishment occupied 164th place within the banking system of Russia, nevertheless, in actual fact, it didn’t perform conventional banking actions, specializing in e-commerce providers.
It is specified that the “Conservative Commercial Bank” systematically violated federal legal guidelines governing banking actions, in addition to laws of the Central Bank.
In addition, the group violated the necessities of the regulation on combating cash laundering, obtained by felony means, in addition to the financing of terrorism.
Earlier it grew to become recognized that by the top of the 12 months Russian banks strengthen control for purchasers’ cash transfers. These measures will assist in the struggle in opposition to scammers, on-line casinos, crypto exchangers and monetary pyramids.