On December 25, PANews reported that the Central Bank of Russia is collaborating with the financial monitoring agency Rosfinmonitoring to develop a centralized monitoring platform aimed at identifying and preventing illegal financial activities using 'account transfers', including over-the-counter (OTC) cryptocurrency trading. The platform will integrate abnormal transaction information and, through AI data analysis and real-time monitoring, proactively identify high-risk accounts and share data with banks to prevent risks.
Currently, the illegal transaction amount withdrawn through personal accounts in Russia reached 44.9 billion rubles (approximately $4.91 billion) in 2023. Mainstream banks (such as Sber and VTB) support the initiative, and the platform will establish a dispute resolution mechanism to protect the rights and interests of legitimate users. At present, there is no clear launch date for the platform.
