This is stated in the message of the regulator.

It is noted that the financial institution violated federal laws regulating banking activities, as well as regulations of the Bank of Russia, in connection with which the regulator over the past 12 months "repeatedly applied measures to it, including imposing restrictions on attracting funds from individuals."

The statement also states that Orbank violated the requirements of the Bank of Russia regulations in the field of combating money laundering and terrorist financing.

In terms of assets, according to the Central Bank, Orbank ranked 289th in the Russian banking system as of September 1.

Earlier, the Central Bank of Russia canceled the license for banking operations from the non-bank credit organization Fincher (LLC).