Officers from the Economic Security and Anti-Corruption Department of the Main Directorate of the Ministry of Internal Affairs of Russia for St. Petersburg and the Leningrad Region, in coordination with colleagues from the Federal Financial Monitoring Service, disrupted illegal banking activities.
The perpetrators provided illicit services enabling clients to convert non-cash funds into cash.
Funds were transferred to accounts controlled by accomplices and then cashed out through shell companies operating under fictitious contracts. The cash was subsequently delivered to clients after deducting a commission.
According to preliminary data, the criminal income of the underground bankers exceeded 24.5 million rubles.
A total of 11 individuals were detained. A criminal case was initiated under Part 2 of Article 172 of the Criminal Code of the Russian Federation.
