OREANDA-NEWS. Due to incompliance by the Moscow-based credit institution Commercial Bank ABB, joint-stock company, or Bank ABB JSC, with federal banking laws and Bank of Russia regulations, repeated violations within a year of the requirements 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’, considering a real threat to the creditors’ interests, considering repeated application within a year of measures stipulated by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, guided by Article 19, Clauses 6 and 6¹ of Part 1 of Article 20 of the Federal Law ‘On Banks and Banking Activities’ and Part eleven of Article 74 of the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, the Bank of Russia took a decision (Order No. OD-2316, dated 21 July, 2016) to revoke the banking licence from the credit institution Commercial Bank ABB, joint-stock company, (Bank of Russia Registration No. 2937, date of registration — 29 June 1994) from 21 July 2016.