MOSCOW, August 24 (RIA Novosti) - Russia's Central Bank said Thursday it had revoked the operating licenses of three banks over breaches of banking legislation, including the law on money laundering.
The Moscow-based Centurion Universal Commercial Bank, Federal Industrial Bank and UniverBank Joint Stock Commercial Bank were stripped of their licenses and put into temporary administration for failing to comply with banking laws and Central Bank regulations, and for violations of laws on money laundering and the financing of terrorism, the Central Bank press office said.
The Central Bank had already applied numerous supervision measures against the banks, the press office said. The banks will be under temporary administration until the appointment of a receiver or a liquidator.
