Tax evasion scheme with the use of electronic funds and cryptocurrency exchange operations was exposed

Specialists of the Anti-money laundering department of Main Directorate of the STS in Kharkiv region jointly with Main Directorate of the SFS in Kharkiv region exposed transfer of funds of illegal origin into cash through conversion of electronic funds and cryptocurrency exchange operations.

It was established that funds were transferred to card accounts of individuals and withdrawn in cash with the use of electronic money QiwiWallet, Yandex.Money and cryptocurrency. Total amount of received undeclared income amounted to more than 70 million UAH. Amount of taxes not received by the budget amounted to more than 13 million UAH.

Currently, further investigative actions are ongoing within a pre-trial investigation in the criminal proceeding under Part 5 Article 27, Part 2 Article 200 and Part 3 of Article 212 of the Criminal Code of Ukraine.

Communicate with the State Tax Service remotely using the “InfoTAX” service