88:
324:"In the course of the audit it was once again proved that Credexbank rules and procedures of internal control to prevent the legalization of proceeds from crime and terrorist financing were largely consistent with both the requirements of legislation of the Republic of Belarus and the FATF standards (FATF - Financial Action Task Force on Money Laundering - an intergovernmental organization that sets standards and develops policies to combat "money laundering" and financing terrorism)."
348:
274:(Section 311). The U.S. Government took this action because it has reason to believe that Credex has engaged in high volumes of transactions that are indicative of money laundering on behalf of shell corporations, and has a history of ownership by shell corporations whose own lack of transparency contributes to considerable uncertainty surrounding Credex's true beneficial ownership.
333:"However, in order to minimize the risk of further information that could cause substantial harm to the Belarusian banks’ reputation, the National Bank of Belarus intends to initiate the preparation of a draft legal act, enabling the Belarusian banks to sever relations with dubious clients, cooperation with which can lead to undesirable consequences," the National Bank noted.
179:
on April 5, 2006, and then to the current name of JSC CredexBank on
February 12, 2007. The original banking license was issued on September 27, 2001. The banking licence no. 19 was issued on November 9, 2011. It is a member of Association of the Belarusian Banks, which was founded in 1990. It was
282:
On May 25, 2012, Credexbank JSC issued a press release "that assertions of the United States
Department of the Treasury regarding transactions carried out by the Bank and the possibility itself for a small Belarusian bank to act as a “key center for money laundering” are groundless." Credexbank
191:
With 169 employees and a total capitalization of approximately US$ 19 million, the bank currently ranks as the 22nd largest in total assets among 31 commercial banks in
Belarus. Credex has six domestic branches and one representative office in the Czech Republic. While the majority of its
311:
On June 23, 2012, the first deputy chairman of the Board of the
National Bank of Belrussia Mikalay Luzgin said, presently the National Bank is verifying the data obtained from the US Department of the Treasury. Mikalay Luzgin is in charge of the bank surveillance.
291:. Credexbank JSC announced that it is " consulting with their lawyers in Switzerland in order to protect business reputation" and "to prove the noninvolvement of Credexbank JSC in illegal business and eliminate any doubts about reliability of the bank".
284:
236:
Credexbank said in 2012 that
Belarusian residents regularly carry out export-import and investment transactions with non-residents of the international offshore areas, however their volume was insignificant.
283:
reports that "An audit for the observance of measures by the Bank aimed at combating money laundering and financing of terrorism has been also carried out by the respective state authorities" such as the
188:, Switzerland-based company Vicpart Holding SA, owns 98,82% of the bank's shares. Another shareholder is Sentecinvest (1,18%). Credexbank's beneficial owner is Michel Haessing (Switzerland).
748:
813:
315:
Later, in response to the money laundering allegations, the
National Bank of Belarus conducted an unscheduled inspection of Credexbank and did not find evidence of impropriety.
673:
245:
As of June 15, 2012, the chairperson of the bank was
Alexander A. Aksenevich. Ekaterina Lazareva was associated with this bank as a "leading specialist at JSC Credexbank."
192:
correspondent banking relationships are with other
Belarusian banks, Credex also maintains correspondent relationships with Russian, Latvian, German, and Austrian banks.
844:
227:
The balance sheet information is published according to the data given by the banks functioning in the
Republic of Belarus to the National Bank of Belarus.
585:
538:
560:
918:
817:
700:
270:
announced the identification of
Belarus-based JSC CredexBank (Credex) as a financial institution of primary money laundering concern under the USA
484:
870:
288:
267:
677:
403:
791:
898:
454:
722:
913:
378:
848:
303:
has dismissed the allegations of the United States, accusing Credexbank, a Belarusian bank, of money laundering.
199: 150.4 billion (US$ 18.5 million according to the current rate). As of 1 April 2012, the bank's assets equaled
589:
564:
428:
300:
652:
749:"Treasury Identifies Belarusian JSC Credexbank as an Institution of "Primary Money Laundering Concern""
653:"Treasury Identifies Belarusian JSC Credexbank as an Institution of "Primary Money Laundering Concern""
634:
903:
87:
379:"Information on Banks Functioning in the Republic of Belarus and Their Branches as of 15.06.2012"
184:. Credexbank is the 22nd largest of Belarus's 31 commercial banks by assets. It is owned by the
908:
612:
8:
160:
407:
515:
726:
200:
196:
123:
458:
141:
253:
The address of the bank headquarters is 114 Nekrasova Street, Minsk, 220068.
892:
382:
353:
770:
674:"Bogdankevich: National Bank Should Investigate Situation with Credexbank"
271:
231:
432:
185:
539:"Treasury Warns U.S. Institutions of Dealing with Bank in Belarus"
723:"Treasury Says Belarus's CredexBank Is Money-Laundering Concern"
701:"Treasury Says Belarus's CredexBank Is Money-Laundering Concern"
871:"Belarus To Audit Credexbank Amid U.S. Money Laundering Claims"
814:"U.S. accusations against Belarusian bank baseless - diplomat"
638:
485:"Belarus to Audit Credexbank Amid U.S. Money Laundering Claims"
117:
845:"National Bank: Credexbank Not Involved in Money Laundering"
588:. Solidary with Belrussia Information Office. Archived from
563:. National Bank of the Republic of Belarus. Archived from
406:. National Bank of the Republic of Belarus. Archived from
381:. National Bank of the Republic of Belarus. Archived from
306:
223:
Total Liabilities and Capital = Br 334,880,100,000
294:
586:"U.S. Treasury accused Credexbank of money laundering"
431:. ASSOCIATION OF THE BELARUSIAN BANKS. Archived from
343:
792:"CredexBank denies involvement in money laundering"
299:Foreign Ministry spokesman Andrei Savinykh of the
285:
State Control Committee of the Republic of Belarus
516:"Credexbank transferred $ 1 mln to fake accounts"
232:Foreign investments between Belarus and off-shores
171:Originally established on September 27, 2001, as
890:
771:"Dear Customers and partners of Credexbank JSC!"
203: 334.9 billion ($ 41.2 million).
126: 334.9 billion (US$ 41.2 million)
839:
837:
835:
16:Stock company based in the Republic of Belarus
318:The National Bank of Belarus announced that,
155:is a joint stock company, also shortened as
220:Total Liabilities = Br 123,783,300,000
832:
676:(in Russian). The Telegraph. Archived from
478:
476:
261:
627:
180:established in 2001 by British investors,
86:
578:
510:
508:
506:
504:
502:
166:
60:Minsk, Belarus(October 27, 2001
919:Belarusian companies established in 2001
473:
289:National Bank of the Republic of Belarus
268:United States Department of the Treasury
195:The statutory capital of Credexbank is
163:primarily servicing corporate entities.
373:
371:
369:
367:
365:
217:Total Assets = Br 334,880,100,000
891:
499:
457:. Business News Europe. Archived from
307:National Bank of Belarus investigation
277:
698:
482:
429:"ASSOCIATION OF THE BELARUSIAN BANKS"
256:
211:BALANCE SHEET (in Belarusian rubels)
610:
536:
362:
295:Belarusian Foreign Ministry response
613:"Ekaterina Lazareva's full profile"
13:
561:"Joint–stock company "Credexbank""
173:Nordic Investment Bank Corporation
46:Nordic Investment Bank Corporation
14:
930:
655:. U.S. Department of the Treasury
725:. China News Net. Archived from
452:
346:
206:
863:
847:. The Telegraph. Archived from
806:
784:
763:
741:
715:
692:
666:
645:
604:
175:, the bank changed its name to
48:, the bank changed its name to
773:. Credexbank (English website)
553:
530:
446:
421:
404:"Register of Banking Licenses"
396:
1:
339:
899:Defunct companies of Belarus
635:"Credexbank English website"
301:Belarusian Foreign Ministry
248:
7:
240:
10:
935:
816:. Interfax. Archived from
914:Banks established in 2001
140:
130:
115:
105:
95:
80:
72:
56:
40:
32:
24:
262:United States allegation
177:Northern Investment Bank
159:, a bank located in the
50:Northern Investment Bank
483:Kudrytski, Aliaksandr.
111:Alexander A. Aksenevich
76:Ximex Executive company
214:As of 4 January 2012:
167:History and operations
703:. DOW JONES NEWSWIRES
611:Lazareva, Ekaterina.
266:On May 22, 2012, the
699:Sparshott, Jeffrey.
84:9 October 2017
851:on November 1, 2012
820:on January 25, 2013
680:on 18 December 2014
641:on 5 December 2012.
461:on December 3, 2013
455:"Belarus on a roll"
278:Credexbank response
161:Republic of Belarus
132:Number of employees
28:Joint stock company
21:
257:Legal difficulties
146:Vicpart Holding SA
19:
729:on April 13, 2013
541:. American Banker
150:
149:
926:
904:Banks of Belarus
883:
882:
880:
878:
867:
861:
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841:
830:
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689:
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664:
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649:
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637:. Archived from
631:
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582:
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537:Davidson, Kate.
534:
528:
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523:
512:
497:
496:
494:
492:
487:. Bloomberg News
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394:
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120:
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52:on April 5, 2006
22:
18:
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658:
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592:on June 4, 2012
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182:Ximex Executive
169:
133:
116:
108:
101:
85:
63:
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17:
12:
11:
5:
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922:
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153:JSC CredexBank
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34:
30:
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26:
20:JSC CredexBank
15:
9:
6:
4:
3:
2:
931:
920:
917:
915:
912:
910:
909:Defunct banks
907:
905:
902:
900:
897:
896:
894:
872:
866:
850:
846:
840:
838:
836:
819:
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787:
772:
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724:
718:
702:
695:
679:
675:
669:
654:
648:
640:
636:
630:
614:
607:
591:
587:
581:
567:on 2014-02-21
566:
562:
556:
540:
533:
517:
511:
509:
507:
505:
503:
486:
479:
477:
460:
456:
449:
435:on 2012-12-03
434:
430:
424:
410:on 2013-12-02
409:
405:
399:
385:on 2012-05-06
384:
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286:
275:
273:
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254:
246:
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224:
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218:
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212:
207:Balance sheet
204:
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187:
183:
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154:
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35:
31:
27:
23:
875:. Retrieved
873:. Amlabc.com
865:
853:. Retrieved
849:the original
822:. Retrieved
818:the original
808:
796:. Retrieved
794:. AmIabc.com
786:
775:. Retrieved
765:
753:. Retrieved
751:. AmiABC.com
743:
731:. Retrieved
727:the original
717:
705:. Retrieved
694:
682:. Retrieved
678:the original
668:
657:. Retrieved
647:
639:the original
629:
617:. Retrieved
606:
594:. Retrieved
590:the original
580:
569:. Retrieved
565:the original
555:
543:. Retrieved
532:
520:. Retrieved
489:. Retrieved
463:. Retrieved
459:the original
448:
437:. Retrieved
433:the original
423:
412:. Retrieved
408:the original
398:
387:. Retrieved
383:the original
354:Banks portal
317:
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156:
152:
151:
118:Total assets
96:Headquarters
49:
45:
25:Company type
684:18 December
615:. Linked-In
518:. Xaptbir97
453:Aris, Ben.
272:PATRIOT Act
41:Predecessor
893:Categories
777:2012-06-15
659:2012-06-13
571:2012-06-15
439:2012-06-15
414:2012-06-15
389:2012-06-15
340:References
107:Key people
64:2001-10-27
249:Locations
287:and the
241:Officers
186:Fribourg
33:Industry
877:July 3,
855:July 3,
824:July 3,
798:July 3,
755:July 3,
733:July 3,
619:July 3,
596:July 3,
545:July 3,
522:July 3,
491:July 3,
465:July 3,
100:Belarus
81:Defunct
73:Founder
62: (
57:Founded
36:Banking
707:3 July
157:Credex
142:Parent
879:2012
857:2012
826:2012
800:2012
757:2012
735:2012
709:2012
686:2014
621:2012
598:2012
547:2012
524:2012
493:2012
467:2012
136:169
44:as
895::
834:^
501:^
475:^
364:^
201:Br
197:Br
124:Br
881:.
859:.
828:.
802:.
780:.
759:.
737:.
711:.
688:.
662:.
623:.
600:.
574:.
549:.
526:.
495:.
469:.
442:.
417:.
392:.
68:)
66:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
