MTI used a cryptocurrency gambling service as a money laundering/cash-out mechanism
Today, the Plenum of the Supreme Court of the Russian Federation classified the procedure for converting cryptocurrency into cash as a means of money laundering.
The first item on the agenda was amending the resolution of the Supreme Court of July 7, 2015 No. 32 on the legalization of funds acquired by criminal means. The new clarification says that cashing out cryptocurrencies falls under Articles 174 and 174.1 of the Criminal Code of the Russian Federation and is considered illegal if the joy was obtained illegally, reports TASS.
According to Alexander Chervotkin, the head of the department, the impulse for such a decision was the FATF’s recommendation to take urgent measures to combat the use of virtual currencies for criminal purposes.. However, these standards were adopted by Russia in 2017 and have been in effect since the beginning of last year..
Although the legal status of cryptocurrencies has not yet been established in the country, the Plenum refers to the fact that in the judicial practice of the Russian Federation there are enough examples of the use of virtual currency in illegal transactions. In particular, when selling drugs.
Recall that earlier Venezuela began to control the turnover of cryptocurrency.
text: Ivan Malichenko, photo: kubnews, s2.dmcd