Rosfinmonitoring, in collaboration with the FSB and the Ministry of Internal Affairs of Russia, has developed a methodology to enable commercial banks to identify corruption schemes involving cryptocurrencies. This was announced by the head of the agency, Yuri Chikhanchin, during a meeting with Vladimir Putin.
According to the official, such crimes are typically committed through affiliated individuals.
“We have developed a methodology, identified the so-called decision-making points where the distribution of funds occurs, and oriented commercial banks towards a model of the corrupt individual. They are now reporting information about such transactions to us,” Chikhanchin explained.
He noted an increase in the use of cryptocurrencies in corruption-related transactions.
“In total, we are actively involved in around 400 corruption cases. The amount of damage we have identified is about 13.5 billion rubles, of which approximately 5 billion has already been returned to the state,” the official stated.
As part of anti-corruption efforts, Rosfinmonitoring, together with VTB and the Central Bank, is enhancing the “Transparent Blockchain” solution, which tracks cryptocurrency transactions.
In January, court bailiffs began confiscating 1032.1 BTC for the state, seized from convicted former investigator Marat Tambiev in a record bribery case.