QIWI payment company warned investors about the possibility of new sanctions from the Central Bank, as a last resort, even a loss of a banking license is possible. This is stated in the financial statement of the company to which RBC refers.
Among the measures to which the regulator can go, are also listed, prohibition of certain operations, the introduction of the temporary administration. The reason for them can be any violation detected during the test.
In previous reports, not so stringent formulations were not used, the company indicated only that the Central Bank may introduce some limitations. The QIWI representative noted that the risk of license revocation is estimated as extremely low. According to him, the company constantly cooperates with the regulator and has already eliminated all the previously identified violations.
QIWI problems arose at the end of 2020. Then the Central Bank after a large-scale scheduled inspection fined the company and forbidden to hold most of the types of payments for foreign online stores for six months. Also, the company lost the right to translated on prepaid customer cards. According to the market sources, such measures of the Central Bank went as part of the fight against illegal online casinos and bookmakers.
Meanwhile, in the report for investors QIWI, emphasized that strengthening pressure is not specifically for the company, but to the entire scope of cyberspace and cross-border payments. Because of this, the company cannot affect future more stringent checks or tightening requirements, during which even minor violations will be blocked.
For example, QIWI may not be all materials on the activities of installment maps “conscience” or Rocketbank. The first project was sold, and the second is closed, as a result, if the Central Bank requests specific information, then they will be taken nowhere. And the failure of the requirements faces sanctions.