Ariana Grande tweets she is 'broken' over blast following her concert at Manchester ArenaWorld May 23, 8:03
British PM to chair meeting of emergency response committee after Manchester blastWorld May 23, 7:53
Anti-corruption fight in Russia is in earnest, says upper house speakerRussian Politics & Diplomacy May 23, 6:24
British prime minister calls Manchester blast 'appalling terrorist attack'World May 23, 5:52
At least 19 people confirmed dead in Manchester Arena blastWorld May 23, 4:40
Senator: Ukrainian authorities reluctant to stop policy of restricting Ukrainians' rightsRussian Politics & Diplomacy May 23, 3:48
Maestro Gergiyev’s orchestra opens international music festival in SofiaSociety & Culture May 23, 3:44
Anti-Russian sanctions unlikely to be lifted shortly, says parliament speakerBusiness & Economy May 23, 2:33
Senior Russian MP says too early to speak of thaw in Russia-US tiesRussian Politics & Diplomacy May 23, 2:26
MOSCOW, March 05. /ITAR-TASS/. The Central Bank of Russia (CBR) has issued a decree on March 5, 2014 revoking a license for banking transactions from the Kemerovo-based lending organization Bank of Business Development, the financial regulator said in a statement.
The Bank of Business Development is a member of deposit insurance system.
The decision to impose an extreme restriction revoking a license was taken by the CBR over numerous violations of requirements under Article 7 (except for Clause 3 Article 7) of the federal law on counteraction to money laundering and terrorism funding.
The financial regulator noted that the bank had broken legislative requirements in counteraction to money laundering and terrorism funding in submitting information in an authorized body about transactions subject to compulsory control and proper identification of its clients.
The internal control rules in the Bank of Business Development did not meet the CBR requirements. Meanwhile, the crediting organization was involved in major dubious cash and non-cash transactions. The volume of these transactions has reached 4.8 billion rubles (around $132.1 million) in 2013.
Provisional administration is appointed in the bank until a bankruptcy manager or a receiver is named. Powers of executive authorities of the lending organization are suspended according to federal laws.
As for the size of assets, the crediting organization was ranked at the 790th place in Russian banking system as of February 1, 2014.