HALISTER1: Russia Issues Record Fine to Unnamed Bank for Money Laundering

Russia Issues Record Fine to Unnamed Bank for Money Laundering

(Bloomberg) -- Bank of Russia has fined one of the country’s largest lenders for a long-term violation of anti-laundering legislation, Bank of Russia deputy governor Dmitry Skobelkin tells reporters in Moscow
  • Undisclosed size of fine is described as largest in Russian history
  • Skobelkin refuses to name bank, says it hasn’t yet paid fine
  • Central bank will continue practice of issuing large fines
    • “Times of being loyal are over... We have serious questions for the largest banks”
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Dmitry Skobelkin (Central Bank of the Russian Federation/The)

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