On revocation of banking licence and appointment of provisional administration
By its Order No. OD-2125, dated 18 August 2014, Bank of Russia revoked the banking licence from the Moscow-based credit institution Settlement Non-Bank Credit Institution Settlement Banking Centre, limited liability company, or SNCI SBC LLC (Registration No.
The Bank of Russia took such an extreme measure — revocation of the banking licence — because of the credit institution’s failure to comply 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 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)’.
SNCI SBC LLC did not comply with the requirements of the legislation on anti-money laundering and the financing of terrorism in terms of appropriate identification of its customers. Besides, during 2013, the credit institution was involved in dubious operations connected with overseas money transfer in the total amount exceeding 8 billion rubles.
By its Order No. OD-2126, dated 18 August 2014, the Bank of Russia has appointed a provisional administration to SNCI SBC LLC for the period until the appointment of a receiver pursuant to the Federal Law ‘On the Insolvency (Bankruptcy) of Credit Institutions’ or a liquidator under Article 23.1 of the Federal Law ‘On Banks and Banking Activities’. In accordance with federal laws, the powers of the credit institution’s executive bodies are suspended.
As of 1 August 2014, SNCI SBC LLC ranked 849th by assets in the Russian banking system.
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18.08.2014 00.00.00