In April, 2018 the Central Bank revoked the license from Logos bank. The Central Bank explained such solution concerning Logos bank with the fact that in activity of financial institution repeated violations of requirements of the legislation and regulations of the regulator in the field of counteraction to laundering of income and to terrorism financing" were set ".
Besides, according to bank representatives of Russia, in Logosa within the supervising actions there were implementation established facts of "the currency exchange transactions which were not reflected in accounting and the reporting represented to the Central Bank". Also in activity of bank, according to regulator materials, "repeated cases of commission of the specified transactions without carrying out obligatory identification of clients — individuals were recorded". In addition in 2018 the bank "was involved in carrying out doubtful transit transactions", representatives of the Central Bank told.
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