Russian FederationThe Central Bank of Russia announced the establishment of criteria to help banks detect payment instruments, including cards and electronic wallets, when they are being used by illegal online casinos, pyramid schemes, and other illicit businesses.
The Federal Financial Monitoring Service of Russia, or Rosfinmonitoring, highlighted the 16th meeting of the Council of Heads of Financial Intelligence Units of the Members of the Commonwealth of Independent States, which was chaired by Rosfinmonitoring Director Yury Chikhanchin.
U.S. prosecutor pledges more ransomware seizures, China dismantles cryptocurrency laundering ring, and more, in the midweek roundup.
IMF calls for AML regulation of cryptocurrency industry, U.S. cryptocurrency exchanges boost compliance hiring, and more, in the weekly roundup.
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The Central Bank of Russia issued a notice revoking the banking license of the Ivanova, Russia-based bank for its anti-money laundering and counterterrorist financing requirements.
The Central Bank of Russia issued a warning against the Krasnodar-based bank for insufficient anti-money laundering and counterterrorist financing internal controls in violation of Part 1 of Article 15.27 of the Administrative Offenses Code.
| Technical | Effectiveness |
|---|---|
| Compliant : 7 | High : 2 |
| Largely Compliant : 28 | Substantial : 4 |
| Partially Compliant : 5 | Moderate : 5 |
| Non-Compliant : 0 | Low : 0 |
| Rank : 52/141 |
| Score : 5.51/10 |
| Rank : 137/180 |
| Score : 28/100 |
| Rank : 44/133 |
| Score : 57/100 |