The Central Bank of Russia revoked Bank RMP's banking license due to repeated violations of banking legislation and AML/CFT regulations, constituting a direct enforcement action against a bank for regulatory breaches.
The enforcement action specifically cites AML/CFT violations and suspicious payment operations (asset withdrawal, cash conversion), making anti-money laundering compliance a secondary regulatory concern requiring human review due to moderate confidence.
Specialism
The Central Bank of Russia revoked Bank RMP's banking license due to repeated violations of AML/CTF requirements, including suspicious transit operations and asset withdrawal patterns indicative of money laundering risks.
The license revocation is a formal enforcement action against a named credit institution for identified regulatory breaches, making it the primary enforcement mechanism.
2026-04-16 08:40:11·arahman@vixio.com
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TITLE: Russia's Central Bank Revokes Banking License for Bank RMP and Establishes Temporary Administration
BODY:
On April 10, 2026, the Central Bank of Russia (Bank of Russia) revoked the banking licence of Bank RMP (Банк развития и модернизации промышленности), a Moscow-based credit organisation with registration number 2574, through Order No. OD-639. The bank ranked 292nd by assets in the Russian banking system as of April 1, 2026.
The Bank of Russia determined that Bank RMP had repeatedly violated federal banking legislation and Central Bank regulations, including breaches of anti-money laundering and counter-terrorism financing requirements under the Federal Law "On Countering the Legalisation of Criminally Obtained Income and the Financing of Terrorism." The regulator identified suspicious transit operations involving asset withdrawal abroad, cash conversion, and unrecorded cash purchases in the retail trade sector. Bank RMP's management and owners failed to implement effective measures to prevent involvement in suspicious operations. The bank was not a significant credit provider to the real economy; its primary operations served shareholder interests and related parties. The Central Bank previously identified transactions with asset withdrawal indicators and referred these to law enforcement authorities. The bank's professional securities market licence was also annulled.
Through Order No. OD-640, the Bank of Russia appointed a temporary administration to manage Bank RMP, with functions delegated to the Deposit Insurance Agency (ASV). The temporary administration will operate until a bankruptcy trustee or liquidator is appointed. The powers of the credit organisation's executive bodies are suspended. Bank RMP participates in the deposit insurance system; depositor funds will be returned according to the Federal Law "On Deposit Insurance in Banks of the Russian Federation." Depositors can obtain information through the ASV hotline (8 800 200-08-05) or at https://www.asv.org.ru/.