The Bank of Russia has withdrawn the licence at two banks


The decision on revocation of its license “Accordbank” occupying 487 th place in the Russian banking system, was taken in due to the fact that the Bank management failed to comply with the requirements of the legislation and Bank of Russia regulations in the sphere of combating legalization (laundering) of income obtained by criminal means and financing of terrorism, including timely and accurate directions to the authorized body of messages on transactions subject to mandatory control, it is spoken in the message of the regulator.

In addition, “Accordbank” committed violations of banking legislation and Bank of Russia regulations in assessing credit risk. The amount of own funds of the credit institution has declined to a critical level.