The Bank of Russia has revoked as of April 17, 2015 a banking license held by Saint Petersburg-based Hansacombank (Registration No. 1734), the regulator's press service reported.
Hansacombank failed to observe requirements of the laws counteracting legalization (laundering) of criminal income and the financing of terrorist acts, including its failure to timely and fully provide authorities with data on operations that are subject to mandatory control, CBR's materials run. "Meanwhile, the lending institution was an intermediate link between large-scale suspicious transit operations carried out by its customers," the regulator specified. The bank's executives and owners took no efficient measures to counteract legalization (laundering) of criminal income and the financing of terrorist acts, the Bank of Russia pointed out.
Hansacombank was not a member of the national deposit insurance system.
