Russian Bank Loses License Due To Money Laundering
PYMNTS
APRIL 5, 2019
Bloomberg reported Friday (April 5) that Commercial Bank of Ivanovo, which is 80 percent owned by former North Carolina Republican Rep. In addition, the bank also misrepresented the size of provisions, and inflated its capital through the use of “schemes,” as the newswire reported. A Russian bank with ties to a former U.S.
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