OREANDA-NEWS. Due to the non-compliance by the Moscow-based credit institution Commercial Bank Mosvodokanalbank, open joint-stock company, or OJSC CB MVKB with federal banking laws and Bank of Russia regulations, repeated violations within one year of Bank of Russia requirements stipulated by Article 7 (excluding Clause 3 of Article 7) of the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’ and Bank of Russia regulatory requirements issued in accordance with the said law, all the equity capital adequacy ratios below two per cent, decrease in bank equity capital below the minimum value of the authorised capital established as of the date of the state registration of the credit institution, considering repeated application within a year of measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, guided by Article 19, Clauses 6, 6? of Part 1 and clauses 1, 2 of Part 2 of Article 20 of the Federal Law ‘On Banks and Banking Activities’ and Part 11 of Article 74 of the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, the Bank of Russia took a decision (Order No. OD-1015, dated 28 March 2016) to revoke the banking licence from the credit institution Commercial Bank Mosvodokanalbank, open joint-stock company, (Bank of Russia Registration No. 2863, date of registration — 25 May 1994) from 28 March 2016.