The Central Bank revoked the license of another bank. It was the Moscow-based ForBank, according to the regulator’s website. The credit institution ranked 221st in the Russian banking system in terms of assets.
The regulator said that the bank violated federal laws and regulations of the Central Bank, and also ignored the requirements of the legislation in terms of combating money laundering and terrorist financing. All this posed a threat to the interests of creditors and depositors.
At the same time, the Bank of Russia has repeatedly sent instructions to the credit institution with requirements for an adequate assessment of the risks assumed and for reflecting its real financial position in the statements. The temporary administration came to the bank. The website of the “Deposit Insurance Agency” notes that payments to depositors will begin no later than March 26 this year.
In December 2020, the Bank of Russia revoked the licenses of the Onego and FinTech banks. According to the Central Bank, Onego’s activities were mainly focused on opaque money transfer operations in favor of illegal online casinos, bookmakers and sweepstakes. FinTech, according to the regulator, served the organizers of illegal online gambling.