Bank VTB 24’s internal rules not approved

The internal rules and policy of Khanty-Mansiysk-based Khanty-Mansiyskiy Bank have not been approved of by the Federal Financial Market Service of the Russian Federation so as to counteract laundering proceeds from criminal activity and terrorist financing.

The internal rules and policy of Alfa-Bank, LOKO-Bank, and Bank Vozrozhdeniye, as well as of a number of other banks, have not been approved of by the Federal Financial Market Service of the Russian Federation so as to counteract laundering proceeds from criminal activity as well as terrorist financing.

The internal rules and policy of Ufa-based OAO Bank Investment Capital, Moscow-based OOO Perviy Cheshsko-Rossiyskiy Bank, and Perm-based Uralskiy Finansoviy Dom, as well as of a number of other banks, have not been approved of by the Federal Financial Market Service of the Russian Federation so as to counteract laundering proceeds from criminal activity as well as terrorist financing.

The internal rules and policy of Moscow-based ZAO KAB Bank Société Générale Vostok and Moscow-based OAO Nordea Bank have not been approved of by the Federal Financial Market Service of the Russian Federation so as to counteract laundering proceeds from criminal activity as well as terrorist financing.

A number of Russian banks fail to meet the Federal Financial Market Service’s requirements aimed at counteracting laundering proceeds from criminal activity as well as terrorist financing, Vedomosti reports. So the Service’s management intends to take strict measures against the non-compliers. ‘We often refuse to approve of banks’ internal rules and policies that do not meet the legal requirements. At the moment, we just ask the banks to adjust their rules, but if we still find problems, we’ll take action and might even cancel a bank’s license,’ Vedomosti quotes Head of the Federal Financial