Support to create an online bank
Our lawyers delivered all the activities required to register an online bank in the Russian Federation, in particular:
-
executing constituent documents for non-bank credit institutions;
-
registering a non-bank credit institution with tax authorities and regulatory authorities;
-
obtaining a banking licence;
-
developing a document management system.
The key goal in the project was to ensure compliance of the customer’s activities with the new legislation (including the Law on the National Payment System) that introduced regulatory mechanisms not previously stipulated by Russian laws. We were one of the first to successfully accomplish such a project even though there were no regulatory documents.
