Russian upper house approves bill toughening penalties for skimmingThe Federation Council, Russia’s upper house of parliament, adopted a bill that toughens penalties for ATM skimmers who steal information from bank cards to make fake cards.17:58 03.06.2015
Russian police arrest alleged hackers for $226,000 theft from bank clientsPolice in St. Petersburg have arrested two alleged hackers on suspicion of stealing some 12 million rubles (about $226,000) from bank accounts in 50 Russian regions.12:57 02.06.2015
Master-Bank ex-chiefs suspected of premeditated bankruptcyTop former executives of Master-Bank, a mid-sized Moscow bank, are suspected of its premeditated bankruptcy, RIA Novosti reported on Monday, citing spokesperson for Interior Ministry, Yelena Alekseyeva.14:38 25.05.2015
Deputy chairman of management board of Trust Bank arrested in RussiaDeputy chairman of management board of Trust Bank, Oleg Dikusar, has been arrested on suspicion of embezzlement, RIA Novosti reported on Thursday.10:32 21.05.2015
Russian court refuses to seize $7.1 million in assets from banker Gitelson, accomplicesA commercial court in Yekaterinburg upheld a lower court ruling that declined to seize the assets totalling 350.2 million rubles ($7.1 million) belonging to former owner of the VEFK bank Alexander Gitelson and his two assistants.13:55 20.05.2015
About 300 items of Ukrainian banks’ property seized in CrimeaAbout 300 items of property of Ukrainian banks that have stopped working in Crimea after its reunification with Russia in 2014 have been seized.14:08 14.05.2015
Russian banker detained on suspicion of defrauding Investbank of $16 millionSergei Mastyugin, ex-beneficiary of now-defunct Investbank, has been detained on suspicion of defrauding the bank of up to 800 million rubles ($16 million).12:37 13.05.2015
Russian banker suspected of embezzlement to be extradited from UK to LithuaniaThe High Court of London has rejected an appeal filed by London-based businessman and former owner of the Portsmouth soccer club, Vladimir Antonov, against the lower court's decision to extradite him to Lithuania to stand trial for embezzlement, RIA Novosti reports Wednesday.16:47 06.05.2015
Criminal case opened over alleged embezzlement at Mosoblbank - reportInterior Ministry investigators have opened a criminal case on the alleged embezzlement of over 70 billion rubles ($1.4 bln) from Mosoblbank, part of SMP-Bank.10:53 06.05.2015
Russian court overturns Gitelson’s $97mln Inkasbank liabilityThe Commercial Court of the Northwestern District of St. Petersburg has ruled in favor of a cassation appeal by the former chairman of Inkasbank, Alexander Gitelson, and has overturned a ruling that imposed a subsidiary liability on him for the bank’s 5 billion ruble ($97 mln) debt.16:09 05.05.2015
Russian government's commission approves compensation bill for Crimean depositorsThe Russian government's legislative commission approved a compensation bill for the clients of Ukrainian banks in Crimea proposed by the Finance Ministry.16:41 27.04.2015
Russian court seizes $34 mln in assets of ex-managers of bankrupt Sochi BankThe Krasnodar Territory Commercial Court in southern Russia ruled to seize 1.7 billion rubles (about $34 million) in assets owned by three former managers of Sochi Bank for their role in its bankruptcy.13:37 27.04.2015
Top managers, executives of Trust Bank suspected of embezzling $253 millionMoscow police have launched a 13 billion ruble ($252.8 million) embezzlement probe linked to mid-sized lender Trust Bank.17:51 24.04.2015
Bill on credit companies’ $1.7 mln minimum capital reaches DumaThe Russian Government has submitted amendments to the Law on Banks and Banking which increase the minimum required equity capital by five times to 90 million rubles ($1.7 mln) for non-bank loan organizations.10:54 23.04.2015
Alleged accomplice of banker Gitelson to stand trial for abetting fraud - officialIvan Bibinov, former deputy chairman of the board of the Bank of East European Finance Corporation, will stand trial for abetting fraud committed by banker Alexander Gitelson.17:08 13.04.2015
Russian banker suspected of embezzling over $57 million put on wanted listOleg Shigayev, former president of Baltiyskiy Bank, suspected of embezzling over 3 billion rubles (over $57 million) has been put on the wanted list.14:37 10.04.2015
Both prosecutors and defense appeal against banker Gitelson's sentenceBoth prosecutors and defense filed an appeal against three-year jail sentence handed down to banker Alexander Gitelson, who had been convicted of embezzling over 2 billion rubles (about $33 million) in public funds.13:42 03.04.2015
Russian national pleads guilty to cyber fraud in US courtRussian national accused of buying and using stolen online information in the United States, Alexander Svetlichnyy, pleaded guilty to wire fraud conspiracy on Monday.12:44 10.03.2015
Officials with access to state secrets to be prohibited from opening foreign accountsPresident Putin’s press secretary, Dmitry Peskov, said that access to state secrets would be the main reason for prohibiting officials from opening foreign accounts.10:15 10.03.2015
Facial recognition technology to be used to expose potential loan fraudstersThe National Bureau of Credit Histories (NBCH) and Russian system integrator Technoserv have completed the testing of new facial recognition technology for borrowers.16:30 26.02.2015