OREANDA-NEWS. By its Order No. OD-1917, dated 3 August 2015, the Bank of Russia revoked the banking licence from the Moscow-based credit institution joint-stock commercial bank DALETBANK, joint-stock company, or JSCB DALETBANK JSC (Registration No. 3049) from 3 August 2015.

The Bank of Russia took such an extreme measure - revocation of the banking licence - because of the credit institution's repeated violation 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 Bank of Russia regulations issued in compliance with the said federal law.

OJSC JSCB DALETBANK JSC did not comply with legislation and Bank of Russia regulations on legalisation (laundering) of criminally obtained incomes and financing of terrorism with respect to identification of its customers. Besides, the credit institution was involved in dubious operations connected with overseas money transfers in significant amounts.

By its Order No. OD-1918, dated 3 August 2015, the Bank of Russia has appointed a provisional administration to JSCB DALETBANK JSC 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.

JSCB DALETBANK JSC is a member of the deposit insurance system. The revocation of banking licence is an insured event envisaged by Federal Law No.177-FZ 'On Insurance of Household Deposits with Russian Banks' regarding the bank's obligations on household deposits determined in accordance with the legislation.

According to the financial statements, as of 1 July 2015, JSCB DALETBANK JSC ranked 722nd by assets in the banking system of the Russian Federation.