Central Bank of Russia canceled the license of "Kredprombank"

In particular, "Kredprombank" is accused of numerous violations of Article 7 of the Federal Law “On combating money laundering”. Because of this fact, we can conclude that “Kredprombank” was incorrectly filling out the documentation, did not take measures to identify beneficiaries, participated in money laundering, and distorted reports. Also, the financial institution did not block the accounts of persons involved in extremist activities (or terrorism). In general, it is not the end of the long list of violations of “Kredprombank” - Article 7 includes more than 30 subparagraphs with violations.

It is important to note that the financial institution ranked 344th on the list of Russian banks. The history of “Kredprombank” began in 1990 - at the moment it has three operating offices: in Yaroslavl, Moscow and Rybinsk. The assets of the organization are estimated at 513 million rubles, which includes the authorized capital (284 million rubles) and shares.