On revocation of banking licence
Due to the non-compliance by the Moscow-based credit institution Commercial Bank for Development (limited liability company) or CB CBD BANK (LLC) with federal banking laws and Bank of Russia regulations, the repeated violations within a year of Bank of Russia regulations issued in accordance with the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’, the application of measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, considering the existence of a real threat to creditors’ and depositors’ interest, 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-3592, dated 14 December 2015) to revoke the banking licence from the credit institution Commercial Bank for Development (limited liability company) (Bank of Russia Registration No. 3364, date of registration — 11 April 2001) from 14 December 2015.
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14.12.2015 00.00.00