MOSCOW, March 11 (RAPSI) - The Federal Service for Financial Monitoring (Rosfinmonitoring) in cooperation with the Supreme Court of Russia have averted siphoning off nearly 130 billion rubles (about $2 billion), Director of the financial crimes agency Yury Chikhanchin has said during the meeting with President Vladimir Putin.

According to Chikhanchin, shadow cash cycle is still existing, but law abidance of financial organizations involving in the anti-money laundering system is growing. As of today, about 80% of financial organizations are complying with the requirement of law.

In 2018, 27 shadow areas were closed by Russia’s Federal Security Service, Interior Ministry and Central Bank, the official added.