Alfa-Bank to Charge Money Laundering Suspects for Withdrawals
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Alfa-Bank plans to introduce steep commissions for companies and private entrepreneurs that fall under Russia’s anti-money laundering law, lender says in statement.
- Bank will charge 10% for transfer of funds left in account and 25% on cash withdrawals in such instances
- New fees to take effect Aug. 14
- “These measures will not affect our good-faith clients,” statement says
- NOTE: Russian central bank’s battle against money laundering has contributed to one in three lenders losing their licenses since 2014
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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To modify this alert, click here
UUID: 7947283