By its Order No. OD-438, dated 22 March 2024, the Bank of Russia revoked the banking licence of the Moscow-based Bank Strela (joint-stock company) (Reg. No. 2152). The credit institution ranked 321st by assets in the Russian banking system.1
The Bank of Russia made this decision in accordance with Clauses 6 and 6.1 of Part 1 of Article 20 of the Federal Law ‘On Banks and Banking Activities’2 based on the facts that credit institution Bank Strela (joint-stock company):
- violated federal banking laws and Bank of Russia regulations, due to which the regulator repeatedly applied supervisory measures against it over the past 12 months;
- failed to comply with Bank of Russia regulations on countering the legalisation (laundering) of criminally obtained incomes and the financing of terrorism.
Bank Strela (joint-stock company) specifically engaged in transferring funds between JSC QIWI Bank and other bank market participants. Considerable volumes of transactions performed as part of these activities were aimed at ensuring settlements between individuals and shadow businesses (transfers of funds to crypto exchanges, illegal casinos, and bookmakers) and carried high risks.
The Bank of Russia submitted the information on transactions of Bank Strela (joint-stock company) having signs of criminal activity to law enforcement authorities.
By its Order No. OD-439, dated 22 March 2024, the Bank of Russia appointed the State Corporation Deposit Insurance Agency as a provisional administration to manage Bank Strela (joint-stock company). The provisional administration will carry out its activity until the appointment of a receiver3 or a liquidator.4 In accordance with federal laws, the powers of the credit institution’s executive bodies were suspended.
Information for depositors: Bank Strela (joint-stock company) is a participant in the deposit insurance system; therefore, its depositors5 will be compensated for their deposits in the amount of 100% of the balance of funds, but no more than a total of ?1.4 million per depositor (including interest accrued), taking into account the conditions stipulated by Chapter 2.1 of the Federal Law ‘On the Insurance of Deposits with Russian Banks’.
Deposits are to be repaid by the Agency. Depositors may obtain detailed information regarding the repayment procedure 24/7 at the Agency’s hotline
1 According to the financial statements as of 1 March 2024.
2 The Bank of Russia made this decision following the credit institution’s failure to comply with federal banking laws and Bank of Russia regulations, repeated violations of Bank of Russia regulations issued in accordance with the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’ within one year, and the repeated application of measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’ within one year.
3 In accordance with Articles 127 and 189.68 of the Federal Law ‘On Insolvency (Bankruptcy)’.
4 In accordance with Article 23.1 of the Federal Law ‘On Banks and Banking Activities’.
5 Depositor means a citizen of the Russian Federation, a foreign citizen or stateless person, including those engaged in entrepreneurial activity, or a legal entity specified in Article 5.1 of the Federal Law ‘On the Insurance of Deposits with Russian Banks’ which concluded a bank deposit/account agreement with a bank, or any of the above mentioned persons in whose favour the deposit was made and/or who is the holder of a savings certificate, or the owner of a special account (special deposit) intended for forming and using the fund of capital repairs of common property in a block of flats opened in accordance with the requirements of the Housing Code of the Russian Federation.
| Zařazeno | pá 22.03.2024 06:03:00 |
|---|---|
| Zdroj | CBRU |
| Originál | cbr.ru/eng/press/PR/?file=638467059873043560ENG_BANK_SECTOR.htm |
| Kategorie | Banking Sector |
| lang | en |
| guid | docid_39739 |
