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“A prerequisite for criminal liability for money laundering is the commission of financial transactions and/or other transactions with property obtained by criminal means,” explained a representative of Rosfinmonitoring;
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Financial transactions for money laundering are all transactions with money, including cash and non-cash payments, cash transactions, transfer or exchange of money, as well as the exchange of one currency for another.
Earlier, Russia’s Supreme Court overturned part of the acquittal of a defendant accused of drug trafficking, saying the conversion of cryptocurrency into rubles could be considered money laundering.
Rosfinmonitoring believes that the court correctly ruled that the conversion of illegally obtained cryptocurrency into fiat money is legalization of criminal income.
The mandatory involvement of cryptocurrency in transactions is not necessary, “as liability under these articles comes upon establishing the very fact of financial transactions in order to give a lawful appearance to the possession, use and disposal of money or other property,” the department said.
Recently Anatoly Aksakov, chairman of State Duma committee on financial market assured that after legalization of cryptocurrencies all transactions with digital assets will be “under the hood”.<br