Court explained why recognized revocation of license at LLC "YUMK BANK" illegal

Arbitral tribunal of the city of Moscow published on October 21 the full text of the decision on claim JOINT-STOCK COMPANY "YUMK BANK" (YuMK) against Central bank Russian Federation (Bank Russia) which successfully challenged revocation of license. As appears from the resolution, Central bank Russian Federation (Bank Russia) revealed 92 cases when bank did not provide an INN of representatives of the clients on the operations demanding from banks the report within the anti-money laundering legislation and instructions of the regulator which define how these messages the credit organizations have to go. As appears from materials vessels, "according to Central bank Russian Federation (Bank Russia), the basis for a response at banks licenses were...