russian prison Russia eyes jail time for those who help crypto scammers launder proceeds

Russia eyes jail time for those who help crypto scammers launder proceeds

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-The interior ministry of Russia has decided to go after those providing money-laundering services to crypto fraudsters, suggesting they should go to prison.
-The department wants to introduce criminal liability for the activities of these people, also known as droppers.
-Law enforcement officials say they have been registering a growing demand for the services of so-called droppers people who are willing to help crypto fraudsters with laundering illegally obtained funds.
-A dropper is usually someone who was offered to accept illicit funds to their bank account or crypto wallet.
-The person can then buy cryptocurrency, split the amount between several wallets, or withdraw the money.
-These individuals play a role in fraudulent schemes that allows organizers to cash out the stolen funds.
-Roman Bubnov, deputy head for departmental and procedural control at MVDs Investigative Department, admitted that the authorities want to introduce criminal liability for such actions. If that happens, droppers may get between four and seven years of prison time.
-The interior ministry proposes to define the activity as a separate offense, with all the ensuing consequences, explained Jamali Kuliyev from the Yukov and Partners law firm.
-Russia is yet to comprehensively regulate its crypto space, with new legislation expected to be adopted this fall.

 

 

russian prison Russia eyes jail time for those who help crypto scammers launder proceeds
Russia eyes jail time for those who help crypto scammers launder proceeds 3

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