The Security Service of Ukraine has dismantled an illicit financial network operating across the country that facilitated anonymous money transfers between Ukraine and Russia.
The network used Russian payment systems banned in Ukraine such as WebMoney and YooMoney, as well as cryptocurrency exchanges to convert Russian rubles into Ukrainian hryvnia. Exchanges received funds in the form of cryptocurrency converted from rubles.
The monthly turnover of the network was over $1 million, the security agency said.
The network’s main customers included hackers and businesses that conducted commodity exchange and financial operations in Russia.
During the raids at locations in Kyiv, Kharkiv, Rivne and Sumy the police seized UAH 60 million (~$1.6 million), as well as computer equipment.
