Central Bank of Russia fined "Savings Bank"

Building the Central Bank of Russia

Central Bank of Russian Federation attracted the administrative responsibility of a number of banks. These included the "Savings Bank", Vitas Bank (Moscow), equity investment and Commercial Industrial Construction Bank "Stavropol" (Stavropolpromstroybank, Stavropol), the bank "Basmanny" (Moscow) and the bank "Priority" (Samara).

According to the management of the Bank of Russia, they had to take such measures due to the fact that these banks have committed administrative offenses provided for in Article 15.27 of the Code of Administrative Offences of the Russian Federation ("Failure to comply with the requirements of the law on countering the legalization (laundering) of proceeds from crime and financing of terrorism "). Two resolutions provided for the "Savings" (on January 20 and May 30, 2012) entered into force already on June 20. The Central Bank decided to write down the "Savings Bank" just fine.

Office of the "Savings Bank"

The decision of calling to administrative responsibility "Vitas Bank" and "Basmanny" the bank were taken 30 and 28 June, they entered into force on 13 June. Resolution on "Stavropolpromstroybank" was adopted on June 9, as it came into force on June 20. Resolution on the bank "Priority" on June 5, in force since June 16. The bank got off a warning. Last week, the Russian Central Bank has already informed the imposition of an administrative fine on Savings under this heading of the Administrative Code. Prior to that time the Bank of Russia tried not specify what sanctions are applied to banks in such cases.
In recent times, media, that in accordance with amendments to the codec on administrative violations in force since early 2011, the Central Bank should penalize banks for violations of the law. Prior to that, the Bank of Russia had only a right, but it was not obliged to apply this form of punishment in each case. Also, under the new rules of the law on insider that took effect last fall, obliged the Central Bank to publicly disclose information about these offenses and penalties for them.