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Russian AML Regulator Says It’s Monitoring 25,000 Crypto Users

The top Russian anti-money laundering regulator says that it is “monitoring” over 25,000 crypto users – and claims it has sophisticated tools that let it detect illegal activities.

Per Finam, Yury Chikhanchin, the head of the Federal Financial Monitoring Service (Rosfinmonitoring) recently held a crypto-themed meeting with President Vladimir Putin.

Rosfinmonitoring is a federal executive body charged with combating money laundering and terrorist financing. It answers directly to the offices of the President.

The Rosfinmonitoring chief said that the body was “unsettled” by the growth of crypto. And he said the agency suspected cryptoassets were being used as a money laundering tool in many instances.

(By Tim Alper)

Russia
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