Arsenal KB

Main article: Banks in Russia

2023: Appeal by the Prosecutor General's Office of the release from SIZO Eduard Kim

The Prosecutor General's Office in February 2023 appealed the release from the pre-trial detention center of Eduard Kim, a 76-year-old defendant in a criminal case on a particularly large embezzlement of 100 million rubles of Arsenal Bank, whose shareholders were several generals and heroes of Russia at once. Earlier, the court concluded that investigators and the FSB did not provide evidence confirming Kim's atrocities and was ready to release him.

2017: License Revocation

In September 2017, by Order of the Bank of Russia, the license for banking operations was revoked from the credit institution Commercial Bank Arsenal (limited liability company) KB Arsenal LLC (reg. № 3000, Moscow). The credit institution ranked 495th in terms of assets per 01.09.2017 in the banking system of the Russian Federation.

KB Arsenal LLC did not comply with the requirements of legislation and regulations in the field of combating the legalization (laundering) of proceeds from crime and the financing of terrorism in terms of identifying operations subject to mandatory control and sending reliable information about them to the authorized body. At the same time, since 2016, the bank's activities have been largely focused on conducting dubious transit operations, the regulator reports.

In addition, the activities of CB Arsenal LLC are characterized by the use of a risky business model and the low quality of a significant part of assets. The credit institution inadequately assessed the amount of accepted risk for assets.