OREANDA-NEWS. By its Order No. OD-831, dated 17 April 2015, the Bank of Russia revoked the banking licence from the Saint Petersburg-based credit institution open joint-stock company HANSACOMBANK (Registration No. 1734) from 17 April 2015.

The Bank of Russia took such an extreme measure - revocation of the banking licence - because of the credit institution's failure to comply with federal banking laws and Bank of Russia regulations, repeated violations within a year of the requirements of Article 7 (except for Clause 3 of Article 7) of the Federal Law 'On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism', and application of measures envisaged by the Federal Law 'On the Central Bank of the Russian Federation (Bank of Russia)'.

OJSC HANSACOMBANK did not comply with the requirements of the legislation on anti-money laundering and financing of terrorism in terms of timely and detailed notification of the authorised body about operations subject to obligatory control. Besides, the credit institution was involved as an intermediate link in dubious funds transfers by its customers in significant amounts. The management and owners of the bank did not take effective measures to counter legalisation (laundering) of the criminally obtained incomes and financing of terrorism.

By its Order No. OD-832, dated 17 April 2015, the Bank of Russia has appointed a provisional administration to OJSC HANSACOMBANK for the period until the appointment of a receiver pursuant to the Federal Law 'On Insolvency (Bankruptcy)' or a liquidator under Article 23.1 of the Federal Law 'On Banks and Banking Activities'. In accordance with federal laws, the powers of the credit institution's executive bodies are suspended.

According to the financial statements, as of 1 April 2015, OJSC HANSACOMBANK ranked 648th by assets in the banking system of the Russian Federation.