The Bank of Russia has revoked as of October 16 a banking license held by Nizhnevartovsk-based Bank Purpe (Registration No. 709), the regulator’s press service reports.
Specifically, the lender failed to comply with the requirements of anti-money laundering laws “related to the proper measures of client identification”, show materials released on CBR’s website. The lending institution’s internal control regulations did not meet the requirements of CBR’s statutory acts. In addition, the lending institution’s executives and owners took no actions required to take its activities back to normal.
Bank Purpe is a member of the national deposit insurance system.
