The Bank of Russia has revoked a banking license held by Raschetny Dom Commercial Bank (Registration No. 3350), the regulator's press service reported.
The Bank of Russia decided to take the last resort measure as the bank failed to comply with federal banking laws and CBR's statutory acts, numerous violations during the year of requirements provided for in Article 6 and Article 7 (except for Clause 3 of Article 7) of the Federal Law "On Counteracting Legalization (Laundering) of Crime Income and Financing of Terrorist Acts", and also of the Bank of Russia's statutory acts, which were issued in accordance with this law, and taking into account the application of measures stipulated in the Federal Law "On the Central Bank of the Russian Federation (Bank of Russia), given a real threat to the interest of creditors.
Based on CBR data, Raschetny Dom pursued a high-risk credit policy, investing the money in poor quality assets. The adequate assessment of accepted risks and the reliable reflection of the bank's asset value, at the request of a supervisory body, led to the reasons to take measures to forestall the lending institution's insolvency (bankruptcy).
"Furthermore, Raschetny Dom failed to comply with the requirements of laws and the Bank of Russia's statutory acts regarding counteraction of legalization (laundering) of criminal income and the financing of terrorist acts as to timely and fully provide information to an authorized body. Meanwhile, the lending institution's activity was focused on large-scale suspicious transit operations. The bank's management and owners took no efficient measures to normalize its operations," the regulator pointed out.
