On revocation of banking licence
Due to the non-compliance by the Moscow-based credit institution joint-stock company Commercial Bank ‘Investment union’ Ltd. with federal banking laws and Bank of Russia regulations, repeated violation within one year of the requirements of Bank of Russia regulations stipulated by the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’, taking into account repeated application within one year of measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, and guided by Article 19, Clauses 6 and 61 of Part 1 of Article 20 of the Federal Law ‘On Banks and Banking Activities’, and Part 11 of Article 74 of the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, the Bank of Russia took a decision (Order No. OD-1394, dated 19 June 2015) to revoke the banking licence from the credit institution Commercial Bank ‘Investment union’ Ltd. (Bank of Russia registration No. 637, date of registration is 30 October 1990) from 19 June 2015.
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19.06.2015 00.00.00