Russia has created criteria to combat financial pyramids

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For the first time in Russia, criteria for detecting illegal economic activities were established without the participation of Central Bank experts. This was reported by TASS With reference to the press center of the Ministry of Internal Affairs of Russia.

The Ministry of Internal Affairs and the Bank of Russia have created a special methodology for expert research of activities aimed at increasing the effectiveness of the fight against financial pyramids. Work is currently underway to create a unified methodology for the detection and investigation of crimes that will be applied not only to “Internet projects” and cryptocurrency platforms, but also to a wide range of economic entities.

The Ministry announced that the Central Bank highly appreciated the results of the study.

In Russia for January – September 2023 defined 2176 illegal projects marked financial pyramid, which became a historical record. 98% of discovered financial pyramids are small, anonymous fake investment projects. Such projects are reported on social networks or Telegram messengers. The Central Bank explained that pyramids have a short lifespan, they are designed for a small initial contribution and allow only the first participants to earn money.

Previously in Russia decided Ban on financial pyramids.

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