Central Bank revoked the license of «Feedback» and «Estimated Financial House»

The Bank of Russia has revoked the licenses of two non-Bank credit organizations «Estimated Financial House» and «Feedback». They are located at 570 and 571 places in the Russian banking system, respectively.

The Central Bank of Russia revoked the license for banking operations of non-Bank credit organizations «Estimated Financial House» and «Feedback». This was reported by the press service of the regulator.

In a press-service of the Central Bank noted that «the Estimated Financial House» to the end of 2016 was aimed at making «dubious operations.» Also NGOs did not comply with the requirements of the legislation in the field of combating the legalization of income obtained by criminal means and financing of terrorism. The management and owners did not take effective measures to exclude the involvement of credit institutions in «dubious activities of its customers.»

As for «Feedback», then, according to the Bank, business NGOs almost entirely focused on carrying out «shadow» foreign exchange transactions. In the activities of the credit institution found signs of systematic implementation of operations without their accounting and reporting. In addition, this NGO failed to comply with the requirements of the legislation in the field of combating the legalization of income obtained by criminal means and financing of terrorism.

Now, according to the Bank of Russia orders two NGOs appointed interim administration.

According to statements by total assets on June 1, 2017, «Estimated Financial House» was occupied by the 570-th place, and «Feedback» – 571-th place in the Russian banking system.



Central Bank revoked the license of «Feedback» and «Estimated Financial House» 19.06.2017

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