Lavrov warns against partition of SyriaRussian Politics & Diplomacy September 23, 0:00
Lavrov calls to coordinate Russian, US military action in SyriaRussian Politics & Diplomacy September 22, 21:05
Lavrov blames Obama administration for souring Russia-US tiesRussian Politics & Diplomacy September 22, 20:41
Waging war on Korean Peninsula inadmissible, says LavrovRussian Politics & Diplomacy September 22, 20:36
Russian Northern Fleet completes drills in ArcticMilitary & Defense September 22, 18:01
OPEC and non-OPEC countries to continue talks on oil production cut dealBusiness & Economy September 22, 17:28
Russian pair figure skaters Kavaguti, Smirnov retire from sportSport September 22, 16:48
Record number of delegations register for St. Petersburg-hosted IPU AssemblyRussian Politics & Diplomacy September 22, 16:47
Astronauts to make quickest trip ever to ISS in DecemberScience & Space September 22, 16:27
MOSCOW, April 17. /ITAR-TASS/. The Central Bank of Russia (CBR) has revoked the license for banking transactions from Russian North Caucasus Dagestan’s Makhachkala-based bank Kaspiy on April 17, 2014, the CBR stated at its website on Thursday.
Commercial bank Kaspiy has pursued a highly risky crediting policy and has not formed reserves adequate to risks it has taken against possible losses in loan indebtedness. Meanwhile, the bank has violated requirements set in the legislation on counteraction to money laundering, terrorism funding, particularly did not produce timely in an authorized agency information on transactions subject to compulsory control and did not take measures to set goals of economic activity, financial situation and business reputation of clients and identification of their beneficial owners.
Meanwhile, the crediting organization was involved in big amounts of suspicious cash transactions. The overall volume of these transactions reached more than 550 million rubles (around $15.2 million) in 2013. The chief executives and owners of the crediting organization did not take required measures to normalize its activity.