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Record $1bn payout expected as Russian regulator pulls plug on ‘dubious’ bank
20.11.2013. | Russia’s Central Bank (CBR) has revoked the license of Master Bank over $61 million in alleged illegal banking transactions. Over 1000 ATMs are frozen, and the head office is being raided by police.
Massive money laundering operations and shady aсcounting prompted the regulator to withdraw the license, part of a larger overhaul to close down......
