Operations with Cryptocurrency Through the Prism of AML / CFT Legislation
( Pp. 225-228)
More about authors
Alekseeva Diana G.
d-r yurid.nauk, professor, rukovoditel departamenta mezhdunarodnogo i publichnogo prava
Financial University under the Government of the Russian Federation
Moscow, Russia Volkov Andrey Yu. Yuridicheskiy fakultet
Financial University under the Government of the Russian Federation
Moscow, Russia
Financial University under the Government of the Russian Federation
Moscow, Russia Volkov Andrey Yu. Yuridicheskiy fakultet
Financial University under the Government of the Russian Federation
Moscow, Russia
Abstract:
Purpose of the study. Advances in technology have made money laundering more sophisticated. In addition to operations with cash and non-cash funds, scammers are increasingly using virtual assets, in particular, cryptocurrencies, for their illegal activities. The FATF and Russian money market regulators have drawn attention to the need to strengthen the fight against money laundering in this area. A huge role in this struggle is played by the creation of the necessary legal framework and doctrine of AML / CFT in the field of virtual currencies. Conclusions. As a result of the study, the author comes to the conclusion that there are many gaps in the system of Russian legislation that make it difficult to create an effective system for combating money laundering through cryptocurrencies. It is concluded that there is no regulation of certain types of cryptocurrencies in the national legislation, which leads to the fact that transactions with them, as well as the subjects involved in these transactions, are outside the legal regulation and control, which in turn violates the FATF Recommendations.
How to Cite:
Alekseeva D.G., Volkov A.Y., (2021), OPERATIONS WITH CRYPTOCURRENCY THROUGH THE PRISM OF AML / CFT LEGISLATION. Gaps in Russian Legislation, 3 => 225-228.
Reference list:
Dolgieva M.M. Protivodeystvie legalizatsii prestupnykh dokhodov pri ispol zovanii kriptovalyuty // Vestn. Tom. gos. un-ta. 2019. № 449. S. 213-218.
TSB RF otsenil tenevoy oborot moskovskikh rynkov v 600 milliardov. Elektronnyy resurs // URL: https://www.rbc.ru/ finances/12/04/ 2018/5acf26f59a79471ae61bfbc9 (data obrashcheniya: 13.03.2021).
Virtual nye aktivy poluchili kriminal noe opredelenie. Verkhovnyy sud priznal kriptovalyutu odnim iz sredstv otmyvaniya deneg Elektronnyy resurs // URL: https://www.rbc. ru/society/26/02/2019/5c74f3fa9a 7947500e19cd24 (Data obrashcheniya 13.03.2021)
Postanovlenie Plenuma Verkhovnogo suda Rossiyskoy Federatsii ot 07.07.2015 № 32 O sudebnoy praktike po delam o legalizatsii (otmyvanii) denezhnykh sredstv ili inogo imushchestva, priobretennykh prestupnym putem, i o priobretenii ili sbyte imushchestva, zavedomo dobytogo prestupnym putem Elektronnyy resurs URL: https://rg.ru/2015/07/13/sud-dok.html (data obrashcheniya 13.03.2021)
Elektronnyy resurs // URL: http://www.cbr.ru/press/int/ rossiyskaya-gazeta-26-09-2018/ highlight keshberi (data obrashcheniya: 13.03.2021)
Federal nyy zakon ot 31.07.2020 № 259-FZ O tsifrovykh finansovykh aktivakh, tsifrovoy valyute i o vnesenii izmeneniy v otdel nye zakonodatel nye akty Rossiyskoy Federatsii
Elektronnyy resurs // URL: https://www.cnews.ru/ news/top/2020-11-12 rossiyan nachnut sazhat v tyurmu (data obrashcheniya: 13.03.2021)
Moshennichestvo s kriptovalyutoy Elektronnyy resurs // URL:https://www.tadviser.ru/index.php/ D0 A1 D1 82 D0 B0 D1 82 D1 8C D1 8F: D0 9C D0 BE D1 88 D0 B5 D0 BD D0 BD D0 B8 D1 87 D0 B5 D1 81 D1 82 D0 B2 D0 BE D1 81 D0 BA D1 80 D0 B8 D0 BF D1 82 D0 BE D0 B2 D0 B0 D0 BB D1 8E D1 82 D0 BE D0 B9 (data obr. 13.03.2021)
Ispol zovanie kriptovalyuty v prestupnoy deyatel nosti i kriminale: fakty i tsifry // URL: https://yandex.ru/turbo/ mining-cryptocurrency.ru/s/ispol-zovanie-kriptovalyuty-v-prestupnoj-deyatelnosti/ (data poseshcheniya 30.04.2021)
TSB RF otsenil tenevoy oborot moskovskikh rynkov v 600 milliardov. Elektronnyy resurs // URL: https://www.rbc.ru/ finances/12/04/ 2018/5acf26f59a79471ae61bfbc9 (data obrashcheniya: 13.03.2021).
Virtual nye aktivy poluchili kriminal noe opredelenie. Verkhovnyy sud priznal kriptovalyutu odnim iz sredstv otmyvaniya deneg Elektronnyy resurs // URL: https://www.rbc. ru/society/26/02/2019/5c74f3fa9a 7947500e19cd24 (Data obrashcheniya 13.03.2021)
Postanovlenie Plenuma Verkhovnogo suda Rossiyskoy Federatsii ot 07.07.2015 № 32 O sudebnoy praktike po delam o legalizatsii (otmyvanii) denezhnykh sredstv ili inogo imushchestva, priobretennykh prestupnym putem, i o priobretenii ili sbyte imushchestva, zavedomo dobytogo prestupnym putem Elektronnyy resurs URL: https://rg.ru/2015/07/13/sud-dok.html (data obrashcheniya 13.03.2021)
Elektronnyy resurs // URL: http://www.cbr.ru/press/int/ rossiyskaya-gazeta-26-09-2018/ highlight keshberi (data obrashcheniya: 13.03.2021)
Federal nyy zakon ot 31.07.2020 № 259-FZ O tsifrovykh finansovykh aktivakh, tsifrovoy valyute i o vnesenii izmeneniy v otdel nye zakonodatel nye akty Rossiyskoy Federatsii
Elektronnyy resurs // URL: https://www.cnews.ru/ news/top/2020-11-12 rossiyan nachnut sazhat v tyurmu (data obrashcheniya: 13.03.2021)
Moshennichestvo s kriptovalyutoy Elektronnyy resurs // URL:https://www.tadviser.ru/index.php/ D0 A1 D1 82 D0 B0 D1 82 D1 8C D1 8F: D0 9C D0 BE D1 88 D0 B5 D0 BD D0 BD D0 B8 D1 87 D0 B5 D1 81 D1 82 D0 B2 D0 BE D1 81 D0 BA D1 80 D0 B8 D0 BF D1 82 D0 BE D0 B2 D0 B0 D0 BB D1 8E D1 82 D0 BE D0 B9 (data obr. 13.03.2021)
Ispol zovanie kriptovalyuty v prestupnoy deyatel nosti i kriminale: fakty i tsifry // URL: https://yandex.ru/turbo/ mining-cryptocurrency.ru/s/ispol-zovanie-kriptovalyuty-v-prestupnoj-deyatelnosti/ (data poseshcheniya 30.04.2021)
Keywords:
FATF, anti-money laundering, cryptocurrency, Bank of Russia, legislation, FATF, digital asset.
Related Articles
THEORY AND HISTORY OF LAW Pages: 14-19 Issue №46133
Legal Support for Mentoring in Russia: Perspective and Retrospective View
legal science
mentoring
mentor
mentored
legislation
Show more
9. JUDICIAL, PROSECUTORIAL, HUMAN RIGHTS AND LAW ENFORCEMENT ACTIVITIES (12.00.11) Pages: 221-225 Issue №18617
COVID-19 as a new face of terrorism - biological terrorism
threat
security
terrorism
coronavirus
pandemic
Show more
9. Judicial, prosecutorial, human rights and law enforcement activities Pages: 176-179 Issue №13916
About some features of professional self-realization of women employees in the internal affairs bodies of the Republic of Tajikistan
legislation
employees
women
the Ministry of Internal Affairs of the Republic of Tajikistan
internal affairs bodies
Show more
4. Employment Law; Right to social security; Land law; Natural resource law; Environmental law; Pages: 163-164 Issue №4539
The new criminal legislation of the Russian Federation
legislation
decriminalization of acts
humanization of criminal responsibility
fraud
fine
Show more
11. CRIMINAL LAW AND CRIMINOLOGY; CRIMINAL ENFORCEMENT LAW 12.00.08 Pages: 229-233 Issue №17214
Problems associated with improvement of legislation on criminal liability for illegal banking operations
crime
banking
prevention
prevention
legislation
Show more
6. Criminology Pages: 187-190 Issue №3132
Regulation of relations connected with the execution of orders or decrees, in the legislation of several countries in the Asia-Pacific region
Institute
execution of order or instruction
the circumstance excluding criminality of act
the Asia-Pacific region
criminal law
Show more
11. FINANCIAL LAW; TAX LAW; BUDGETARY LAW 12.00.04 Pages: 269-274 Issue №19146
LEGAL REGULATION OF FINANCIAL RELATIONSHIPS IN THE FIELD OF COMPULSORY HEALTH INSURANCE
legislation
territorial program
health insurance
financing
Show more
2. SCIENTIFIC SCHOOL OF DOCTOR OF SCIENCE, PROFESSOR ShHAGAPSOEV Z.L. Pages: 162-164 Issue №7907
THE CONCEPT OF THE STATE OF MIGRATION POLICY TO 2025: FIRST RESULTS AND FOLLOW THE WAY OF REALIZATION
migration policy
migrants
security
voluntary resettlement of compatriots
crime
Show more
13. ADMINISTRATIVE LAW; ADMINISTRATIVE PROCESS 12.00.14 Pages: 251-254 Issue №19457
Problematic Issues of Bringing to Administrative Responsibility for Violation of the Legislation on Peace and Quiet
peace and quiet
legislation
police officers
district commissioners
expert survey
Show more
SPECIALTY 12.00.04 Pages: 187-190 Issue №14694
DIGITAL ASSETS AS AN OBJECT OF FINANCIAL LEGAL RELATIONS
cryptocurrency
tokens
financial control
digital asset
digital financial asset
Show more