National settlement company
Company
NPO (non-bank credit organization) — rather common organizational form. Such structures, according to the legislation, have the right to perform the separate banking activities set to the Central Bank of the Russian Federation and, at the same time, activity has them a number of restrictions (for example, opening of accounts of individuals is forbidden).
History
2014: The Central Bank of the Russian Federation revoked the license
The Central Bank of Russia revoked the licenses from non-bank credit organization "National Settlement Company" (NSC). NRK convicted of carrying out doubtful transactions: according to the Central Bank, in 2013 the company transferred to nonresidents according to fraudulent documents over $320 million.
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