Bank of Russia withdrew the license of two banks: St. Petersburg Zuber Bank and the Moscow Bank “IRS”. This is stated on the website of the Central Bank.
Zauber Bank was at the 227th place in terms of assets in the banking system of Russia, and the Bank “IRS” – at 317th place. According to the Central Bank, the first violated the requirements of legislation in the field of countering legalization (laundering) of income obtained by criminal means and financing terrorism. Also, the financial organization in significant amounts carried out questionable operations for the sale of cash foreign currency to individuals.
“IRS” overestimated the value of the property in order to artificially improve its financial performance and conceal the real financial situation, noted the regulator. Also revoked license from the estimated non-banking credit organization “Narat”.