El notes

The audit revealed discrepancies exchange rates posted on the external media, courses, located within the premises currency exchange offices (the latter are less attractive to customers). In conducting foreign exchange operations, staff points of currency exchange rates used, referred to inside the premises.

Polls customer points of currency exchange have shown that the choice of places of foreign exchange transactions, citizens tend to be guided by information about the importance of currency exchange, located outside currency exchange offices on the outer media (meaning rates are shown large numbers and clearly visible from afar). Accommodation beneficial for the consumer rate of exchange at the outdoor media and the consumer has a significant impact on his choice of exchange.

Dissemination of incomplete, inaccurate information about the exchange rate specified in the external media, not only to mislead the consumer services, but also may lead to loss of potential customers other lending institutions, ie can cause them losses. At the same time the Bank receives unfair advantage when doing business on the banking market.

Antimonopoly Authority filed a case on grounds of violation of Art. 14 Law «On Protection of Competition» against CB Investment Alliance (SIA), KB Knight (Ltd.), and KB Financial Standard (LLC). As a result of consideration of the Board of the Moscow UFAS Russia has adopted a decision on a violation of Art. 14 of the Act.

Then the competition authority in respect of these banks have been filed and reviewed by the production of an administrative offense st.14.33 of the Administrative Code (Administrative Code of RF).

23 Jun., 2009 at CB Knight (Ltd.), and KB Financial Standard (LLC) imposed an administrative fine of 100 000 rubles. At KB Investment Alliance (SIA) for the second violation within one year of antitrust laws, was fined 300 000 rubles.

Help:
According to Clause 1 Part 1 Article 14 of Law on the protection of competition is not allowed unfair competition, including the dissemination of false, inaccurate or distorted information, which may cause losses or business subject to damage his business reputation.