Both banks, according to banking supervision, violated the anti-laundering law.
the people’s Bank did not ensure the completeness and correctness of the information identifying the payers in the composition of the settlement documents, significant volumes of spent opaque transactions with payment agents by non-resident on transfer of funds of natural persons (information about them CB sent to law enforcement agencies).
the “Newstainment” there were problems with the provision and accuracy of the information on operations subject to mandatory control, in addition, the Bank held the dubious transit operations related to the “shadow” sale of businesses cash proceeds.
the people’s Bank mainly engaged in the provision of Bank guarantees, the amount of which is several times the size of own funds of the Bank, specifies the CBR. According to him, accept credit organisation risks on guarantees and related trials was assessed inadequately, which led to a significant understatement of reserves for losses.
the “Newstainment” a significant proportion of corporate loan portfolio were related to the owner of the legal entities, more than 70% of the portfolio was of low quality loans.
Both banks were participants of system of insurance of contributions. ASV will select the agent banks for the payment of refunds until 30 July, the payments will begin no later than 7 August.
