International clearing bank
Since 1994
Russia
Central Federal District of the Russian Federation
Moscow
29366, Kosmonavtov Street, 8
2019: Revocation of license
On March 28, 2019 it became known that the Central Bank revoked the license from the Moscow International clearing bank specializing in implementation of currency exchange transactions and money transfers of natural persons.
In activity of bank numerous violations of the anti-money laundering legislation were revealed. It did not fulfill the obligation for ensuring the completeness and accuracy of the information going to authorized body including for the transactions which are subject to mandatory control.
The Central Bank notes that the International clearing bank was involved in carrying out doubtful transactions with cash foreign currency and also transit transactions. The management of credit institution was not going to take the measures directed to their termination.
The international clearing bank took the 389th place on the value of assets in the Russian banking system. It was not a participant of deposit insurance system[1].
Notes
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