On revocation of banking licence
Due to the non-compliance by the Makhachkala-based credit institution Settlement Non-bank Credit Institution MGB, limited liability company, or SNCI MGB LLC with federal banking laws and Bank of Russia regulations, repeated violations within a year of the requirements of Article 7 (except for Clause 3 of Article 7) of the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’ and Bank of Russia regulations based on this Federal Law, taking into account the repeated application over the past year of supervisory 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-2235, dated 21 August 2015) to revoke the banking licence from the credit institution Settlement Non-bank Credit Institution MGB, limited liability company, (Bank of Russia Registration No.
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21.08.2015 00.00.00