OREANDA-NEWS. Following the failure of the Moscow-based credit institution Settlement Non-Banking Credit Organisation Maima, limited liability company, or SNCO Miama LLC with federal banking laws and Bank of Russia regulations, repeated violations within a year of Bank of Russia regulations stipulated by Article 7 (excluding Clause 3 of Article 7) of the Federal Law ’On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’ as well as Bank of Russia regulations issued in accordance with the said law, taking into account repeated application within a year of the measures stipulated by the Federal Law ’On the Central Bank of the Russian Federation (Bank of Russia)’, and 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 11 of Article 74 of the Federal Law ’On the Central Bank of the Russian Federation (Bank of Russia)’, the Bank of Russia decided (Order No. OD-1183, dated 8 April 2016) to revoke the banking licence of the credit institution Settlement Non-Banking Credit Organisation Maima, limited liability company (Bank of Russia Registration No. 1037-K, date of registration — 29 November 1990) from 8 April 2016.