Central Bank revokes license of Moscow bank Rial-Kredit
The credit institution violated the requirements for countering illegal incomes laundering and financing terrorism.
The Central Bank of Russia revoked the license from Moscow's Rial-Kredit Bank. The credit institution has repeatedly violated the requirements of the legislation on countering money laundering and financing terrorism. The bank exercised insufficient control over the ongoing cash transactions and customer verification, the regulator said.
The main activity of Rial-Kredit was receiving commissions on currency exchange and servicing individuals. Lending did not exceed 17% of the bank’s assets. At the same time, the Central Bank called about half of the bank’s contracts problematic and hopeless – there was a small probability of getting they money back.
According to the regulator, in the third quarter of 2018, the bank noticeably increased the volume of money transfer operations for their further cash out. Over the past year, the Central Bank issued three orders on violations regarding the activities of Rial-Kredit and demanded that they be eliminated. The situation, however, has not improved. The bank’s management has been entrusted to a temporary administration.
In terms of the assets value, as of September 1, 2018, the named bank was ranked the 414th among the Russian banks, RIA Rating reports.
The release of authoritative thief-in-law Tariel Oniani (Taro) became a milestone event for the criminal world. The conflict with followers of Ded Khasan was put on hold for the duration of his almost 10-year-old prison term – the rival parties were waiting for the first steps of Taro. However, the law enforcement authorities decided to procrastinate the intrigue further and detained the crowned thief for 40 days immediately after his release. Still, taking that ‘thief № 1’ Shakro Molodoy is serving a prison term, his successor Shishkan keeps low profile, while other thieves-in-law are either abroad or disorganized, Taro has a chance to reassert himself as a serious power.