US EditionGeorgian Police Arrest 5 Russians Over Crypto Scheme and Money Laundering
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6 Articles
In Georgia, five Russian citizens have been detained, accused under the articles on illegal business and legalization...
Georgian Police Arrest 5 Russians Over Crypto Scheme and Money Laundering
Police in the South Caucasus country of Georgia arrested five Russians accused of running an unlicensed cryptocurrency business and laundering money through illicit financial channels, authorities said Thursday.
Russian crypto network exposed in Georgia amid sanctions pressure
Five Russians accused of processing at least $37 million in illegal crypto transactions as part of a money laundering operation have been arrested by police in Georgia. Georgia’s Ministry of Finance revealed the arrests, made in coordination with the Georgian Prosecutor General’s Office, on Thursday. The group allegedly ran a crypto transfer service in Georgia without registering with the country’s national bank and was accused of “legalizing i…
Georgia Arrests Five Russians Over Illegal Crypto, Money-Laundering Scheme - Civil Georgia
The Georgian Ministry of Finance has arrested five Russian citizens on charges of illegal entrepreneurial activities and money laundering. At an October 16 press briefing, Guga Tavberidze, deputy head of the Finance Ministry’s Investigative Service, said an unnamed company “had been providing crypto asset services without proper registration or authorization from the National Bank of Georgia” through an illegal office and by offering a “courier …
The investigation notes that the Russians imported large sums of currency into the territory of Georgia, circumventing border controls.
Five Russians were detained in Georgia for illegal transactions with virtual assets of billions of rubles, as reported by the Deputy Head of Investigation of the Ministry of Finance of the country, Guga Tawberidze.
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