24.01.2020 | Articles
Keeping the money safe: reasons for criminal prosecution of delicensed banks’ managers and owners

During the past few years, the Central Bank has been consistently revoking licenses from financial organizations: all in all, over 480 financial institutions have been delicensed since July 2013.

In his article for the Banking Review magazine, Marat Khuzhin, an attorney at BGP Litigation, reveals certain motives behind the criminal prosecution of delicensed banks’ managers and owners.