“Russia’s Central Bank (CBR) has revoked the license of Master Bank over $61 million in alleged illegal banking transactions. Over 1000 ATMs are frozen, and the head office is being raided by police. Massive money laundering operations and shady aсcounting prompted the regulator to withdraw the license, part of a larger overhaul to close down corrupt banks in Russia. The withdrawal of Master Bank’s license means that its estimated $1.5 billion (47.4 billion rubles) in private funds are now frozen, with Russia’s Deposit Insurance Agency promising to pay out $917 million (30 billion rubles) to bank customers by December 4.”
http://rt.com/business/master-bank-license-revoke-021/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
U.S. Government Preparing for Major Terrorism Exercises In Three Cities [2004]
IMF OK With Capital Controls, Inflationists Shrug
Russian army unit fires on school during ‘anti-terrorist’ operation
China slaps cap on overseas UnionPay cash withdrawals
Land prices rising even after year of record drought
Military air tankers join fight against deadly Arizona wildfire
Wegelin chief takes blame for oldest Swiss bank's collapse over U.S. taxes
Oklahoma lawmaker wants death row organ donations
The ‘Cheapest’ Country in the World
High taxes on legal pot in California could mean black market will thrive
Poland and Bulgaria Shelve Plans to Join Eurozone
Indian cartoonist held on sedition charges
Journalist shield laws do not apply to blogger, judge says
Bipartisan bill would require a warrant for police to search emails
U.S. to house migrant children in tents outside El Paso as detention centers overflow