The Central Bank of Russia called for strengthening control over operations with crypto exchangers

The Central Bank of Russia has asked credit institutions to tighten control over transactions related to cryptocurrency exchangers, especially when using corporate bank cards.

The regulator pointed out that so-called "technical companies" - legal entities that have no real business or signs of commercial activity - are often used by representatives of crypto platforms, online casinos and fraudulent schemes, including financial pyramids. Banks are advised to use online monitoring systems that allow tracking suspicious transactions in a mode as close to real time as possible.

The regulator also recommends carefully analyzing the transactional activity of clients: if an individual regularly interacts with counterparties that have previously participated in transfers to droppers or are associated with firms that raise suspicions of illegitimate activity, the credit institution may impose restrictions on transfers or prohibit the ability to replenish accounts with cash.

The Central Bank emphasized that these recommendations are optional and do not constitute a direct order, but their implementation will allow banks to increase the effectiveness of measures to combat money laundering and terrorist financing through digital channels. This approach is aimed at strengthening control over the movement of funds, especially those that may be associated with the illegal circulation of cryptocurrencies and other high-risk areas.