The Central Bank of Russia canceled the license of QIWI Bank JSC. This is stated in the message press service regulator
According to the Central Bank, the decision to cancel the license was taken due to the bank’s violation of federal laws regulating banking activities, as well as the regulations of the Central Bank of Russia. Additionally, the regulator added that QIWI Bank regularly violates laws in the field of money laundering and terrorist financing.
“Over the past 12 months, the regulator has taken action against this (“QIWI Bank.” – socialbites.ca) five times, two of which involved imposing restrictions on certain transactions,” the statement said.
The Central Bank noted that the financial institution’s activities are often associated with “shadow trading, including fund transfers in favor of crypto exchanges, illegal online casinos and bookmakers.”
at the end of january reportedIt was stated that Qiwi is in the process of selling its business in Russia by completing a transaction regarding the sale of assets in the Russian Federation. Before happened It is known that the group sold its Russian assets to the Hong Kong company Fusion Factor Fintech Limited.
Qiwi Group in August 2023 evaluated You have to pay excess profit tax of 500 million rubles.
Formerly Central Bank of the Russian Federation raised key rate up to 16%.