THELOGICALINDIAN - Russian institutions accept responded to a alarm from accessible movement for collective efforts to analyze cryptocurrency transfers accompanying to biologic barter The antidrug alignment Stopnarkotik afresh asked the autogenous admiral and the axial coffer to investigate declared access amid USsanctioned crypto barter Suex and a darknet bazaar operating in the arena
Russian Authorities Respond to Stopnarkotik’s Request for Action Against Drug Trade
The Ministry of Internal Affairs of the Russian Federation (MVD) and Bank of Russia accept agreed to abet with the All-Russian Public Movement Stopnarkotik on anecdotic banking flows involving cryptocurrencies acquired as a aftereffect of biologic sales. The Russian online account aperture Lenta.ru appear on the agreement, commendation a letter from a baronial MVD official.
The letter active by Major General Andrei Yanishevsky, arch of the Drug Control Department at the Interior Ministry, has been issued afterwards a alive affair with assembly of the anti-drug organization. It comes in acknowledgment to Stopnarkotik’s alarm for the two institutions to backpack out an analysis focused on Suex, a Russia-based OTC crypto broker, and its links to added companies and banks.
In September, the U.S. Treasury Department blacklisted the Czech-registered article Suex OTC s.r.o. which operates out of concrete offices in Moscow and Saint Petersburg. The crypto belvedere is doubtable of processing hundreds of millions of dollars in bread affairs accompanying to scams, ransomware attacks, darknet markets, and the abominable Russian BTC-e exchange.
Since ablution in 2018, Suex is believed to accept accustomed over $481 actor in BTC alone. Close to $13 actor came from ransomware operators such as Ryuk, Conti, and Maze, over $24 actor was beatific by crypto scams like Finiko, $20 actor came from mixers, and addition $20 actor from darknet markets such as the Russia-targeting Hydra, blockchain forensics close Chainalysis abundant in a report.
In its appeal to the Russian authorities, afterward the advertisement of the U.S. sanctions, Stopnarkotik acclaimed that Suex had been “involved in money bed-making for the better drug-selling platform.” The alignment acicular out that the market’s biologic trafficking in the Russian Federation amounts to an estimated $1.5 billion a year or more.
It additionally mentioned the name of one of Suex’s co-founders and accent its declared connections with added crypto companies and banking institutions such as Exmo, a above agenda asset barter in Eastern Europe, banking casework aggregation Qiwi, a arch acquittal provider in Russia and the CIS countries, as able-bodied as the Ukraine-based Concord Bank.
Stopnarkotik asked Bank of Russia to accommodate its appraisal on the matter, analysis if the operations of Suex and added entities are actuality conducted in accordance with the law in Russia, and accede blocking Russian payments to a Ukrainian organization.
“We accustomed a acknowledgment from the Ministry of Internal Affairs and the Central Bank. We additionally had a claimed affair with the Ministry of Internal Affairs so that they had an compassionate of how we acquire information, including about money laundering,” the movement’s chairman, Sergei Polozov, has been quoted as saying. He added that the Russian Interior Ministry is accessible to acquire Stopnarkotik’s abstracts and assignment calm with the organization.
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