As of January 20, 2015 the Bank of Russia has revoked a banking license held by Makhachkala-based Adam International (Registration No. 2232), the regulator's press service reported.
Specifically, the lending institution failed to observe requirements of anti-money laundering laws, failing to timely provide authorities with data on operations that are subject to mandatory control, CBR's materials run. At the same time, the lending institution was involved in suspicious cash transactions, the regulator noted.
The lending institution is a member of the national deposit insurance system.
