The Central Bank of the Russian Federation withdrew the license from the bank "Rubin"

The Central Bank of Russia withdrew the license to carry out banking operations in rubles and foreign currency at the Rubin commercial bank from Makhachkala. According to the Department of External and Public Relations of the Central Bank of the Russian Federation, the bank violated the laws on countering the laundering of criminal proceeds and carried out dubious operations. Only from September to January 2007, Rubin issued 25 billion rubles in cash.

According to the Central Bank, the Rubin bank made more than a thousand violations of the deadlines for the federal service for financial monitoring of messages for operations subject to compulsory control, and also did not comply with the established values ​​of mandatory standards. The Bank of Russia over the past twelve months has repeatedly applied forced measures of influence for the violations to a credit institution.

In the period from September 2006 to January 2007, surgery was carried out through the cash cash desk for the issuance of cash to legal entities worth more than 25 billion rubles with the maximum balance of balance of 405 million rubles.

Since the Rubin bank is a member of the banking deposit insurance system, and the review of the banking operation license is an insured event, Rubin’s customer deposits will be reimbursed by the bank appointed by the Deposit Insurance Agency.