Content: Russia’s central bank will launch a new AI platform to prevent illegal financial and crypto activities, particularly unregulated over-the-counter crypto-to-fiat (OTC) services. This action involves working with Rosfinmonitoring and various other financial institutions to track and block suspicious transactions to prevent misuse of banking systems.
The platform will focus on identifying individuals known as “mules” or “droppers” who use bank accounts for illegal purposes such as money laundering, drug trafficking and unregulated cryptocurrency exchanges.
According to reports, the new system will include information about irregular transactions and perform AI data analysis and real-time monitoring to actively identify high-risk accounts. Unlike the traditional Know Your Client (KYC) systems, which focus primarily on monitoring business profiles and only respond when anonymous…
