The Bank of Russia revoked the banking licence of Moscow-based settlement non-bank credit organisation Digital Solutions after finding repeated violations of banking laws and regulations, as well as failures to comply with anti-money laundering and counterterrorist financing requirements. The institution, which ranked 288th by assets in the Russian banking system, had been subject to supervisory measures several times over the previous 12 months. Digital Solutions had long conducted suspicious customer transactions and failed to report transactions subject to statutory control to the authorised body on time. The Bank of Russia also found that its management and owners had not taken effective measures to prevent this activity. A provisional administration has been appointed until a receiver or liquidator takes over, and the powers of the institution’s executive bodies have been suspended.
2026-08-27Central Bank of Russia
Bank of Russia revokes Digital Solutions’ banking licence over repeated legal and anti-money laundering breaches
The Bank of Russia revoked Digital Solutions’ banking licence over repeated banking law violations and failures to meet anti-money laundering and counterterrorist financing requirements. It appointed a provisional administration and suspended the powers of the institution’s executive bodies pending the appointment of a receiver or liquidator.