MOSCOW, March 29 (RIA Novosti) - Russia's Central Bank said Thursday it has revoked the operating licenses of two banks over breaches of banking legislation, including the law on money laundering.
The Moscow-based Bank for Development and Investment and the Khasavyurt Bank (Daghestan, North Caucasus) 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 banks will be under temporary administration until the appointment of a receiver or a liquidator, the CBR press office said.
