Russian bank purge continues as two more licences revoked

24/06/2015
CBR chief Elvira Nabiullina

CBR chief Elvira Nabiullina

Russian bank purge: Central Bank of Russia chief Elvira Nabiullina took the tally of bank licences she has revoked since taking up her post in July 2013 to 100 today, when she added the Moscow-based MAST and TEST banks to her list of victims.
Both banks’ licences have been rescinded on the grounds they¬†had contravened laws designed to stamp out the laundering of proceeds from crime and to prevent¬†the financing of terrorist activities.

Source: Rosbalt