FROM A
DIFFERENT ANGLE by Kenneth Rijock
DIFFERENT ANGLE by Kenneth Rijock
Financial Crime Consultant, for World-Check
Russian Central Bank revokes three more licenses
28 November 2007
The Central Bank of Russia yesterday recalled the licenses of three Russian banks, all on the grounds that they violated anti-money laundering laws and regulations. Few details are available, but we present them below, together with all known trade names, legal names, and operating names of these institutions.
Please note that this information, which was released to Russian financial media, is often incomplete, as the transliterations and translations of the bank names are at times incomplete or subject to alternate spellings.. Whilst we have endeavoured to confirm the information disclosed though official channels, many inaccuracies have been noted by the author, as well as World-Check users familiar with some of the more obscure institutions.
That being said, here is what was released with respect to the three banks, together with our spellings:
That being said, here is what was released with respect to the three banks, together with our spellings:
- Bank of Investment Capital (Moscow), also known as BikBank. Alleged to have failed to report suspicious transactions involving UK, BVI and Seychelles companies. Also reportedly transferred R.14m to banks located in the Ukraine, Moldova, Latvia, Cyprus and Kyrgyzstan.
- Bank of Saturn, also known as Saturn Bank, Moscow Commercial Bank Saturn Ltd., MKB Saturn and Bank Saturn (Moscow). Allegedly failed to comply with banking laws.
- SamoletBank, also known as Samoletbank. Charged with Suspicious activity reporting violations, failure to comply with Central Bank orders, and cash violations.
The facts and opinions stated in this article are those of the author and not those of World-Check. World-Check does not warrant the accuracy of any facts and opinions stated in this article, does not endorse them, and accepts no responsibility for them.
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