INTERVIEW: Google erases illegal forex dealers’ apps as cbank asks
MOSCOW, Feb 5 (PRIME) -- Google has deleted two applications that were used by illegal forex dealers to work in the country upon request of the Russian central bank, Valery Lyakh, head of the regulator’s department on resistance to unfair practices, told PRIME on Tuesday in an interview.
“We started cooperating with Apple and Google last year: we sent letters to the companies with a proposal to cooperate and a request to delete from (application) stores a number of applications that were exploited by illegal forex dealers in their work on the territory of our country,” Lyakh said.
“They expressed their readiness to cooperate, and Google even deleted two such applications. We hope mutual work will continue.”
In July–December 2018, the central bank launched a robot to fish for illegal financial institutions and projects in the Internet, including for those revealing signs of financial pyramids.
“(The search system) behaves as an ordinary person who looks for how and where to invest money and monitors everything that happens in the Web. Such a client is of interest to the companies seeking for new customers. Our robot can work with quite primitive requests and interactive forms of information exchange…When a company, which pays attention to the robot, is registered, it is analyzed by the regulator whether it’s legal or not,” Lyakh said.
The central bank detected 352 websites of illegal forex dealers in 2017–2018 and handed over to prosecutors the bulk of materials on them to further block such resources by court. “The other websites of illegal forex dealers are deprived of access via registrars of domain names,” the official said.
The number of companies with foreign licenses decreased significantly and many of them blocked access to their resources in Russia. It happened thanks to teamwork of the central bank with regulators of foreign markets, he said.
“A bill on possible pre-court blocking of websites of financial pyramids (by the central bank), which is being considered by the State Duma (the parliament’s lower house), should speed up muting by several times. It is stipulated that the central bank will be able to directly approach the communications service with its motivated decision, which will be enough to block a resource,” Lyakh said.