Court arrests accounts of some payment systems
Prydniprovsky district court in Cherkasy after the investigation in a case on annual money laundering of around $350 million has arrested funds on accounts of some payment system, including four systems registered by the National Bank of Ukraine (NBU).
According to a court ruling in case No. 711/8486/17, it was established that a number of persons have created a scam for money laundering when importing electronic goods and services by banks, non-banking financial institutions and other entities. In particular, when computer games were imported, untrue data were entered into the contract regarding the type and the volume of the goods. So, payments from users were received by a resident for the services of the game or audiovisual products, and the funds abroad were transferred to a nonresident for the services not related to the developer or another rights holder of the game or media content. In addition, the residents entered larger figures regarding the volume of provided services to the reporting documents, which allows the use of this scam to export "dirty" money abroad.
Information on entities with signs of shell companies, the details of which may be used to illegally withdraw funds abroad through the issue of tax and accounting documents for fictitious sale transactions where digital goods were the subject of sale, was also received. Among them are the following limited liability companies: Legend, Time Solutions, Ofold, Apricot, Vestar, Defro, Lexusel, Pennywise, Darth Vader, Miratum, Fay Wall and Leogaming.
These enterprises sell digital goods through terminal networks with the help of payment organizations: Leogaming Pay, GlobalMoney, Phoenix, OMP-2013 (all registered by the NBU), Tandem Finance, Business Retail Group, Invest Pay and Kontraktovy Dom. The daily turnover of these enterprises is about UAH 20 million. These funds are transferred to an agent bank account in Alfa-Bank. In the future, the funds are transferred to the accounts of enterprises with signs of shell companies, the details of which, possibly, are used for money laundering.
In addition, a number of persons have been conspired to use affiliated shell enterprises to cash out money and legalize proceeds from crime while holding and granting access to gambling in an electronic casino under the Pari-Match brand, which is prohibited by law.