Russia cracks down on illegal lenders exploiting social media loopholes
Authorities in Russia have raised concerns over a rise in illegal lending activity across the Far Eastern Federal District. In the first nine months of 2025, 30 unlicensed operators were identified, with Primorsky Krai accounting for eight cases. Officials warn that these so-called 'shadow lenders' are increasingly using social media to target vulnerable borrowers and investors.
Illegal lenders, operating without proper authorisation, have grown more aggressive in advertising their services. According to OPS-Media and the Bank of Russia, these unlicensed groups include firms offering dubious high-yield investment schemes alongside loan services. Only organisations supervised by the Bank of Russia are legally allowed to solicit public investments, yet many continue to bypass regulations.
The crackdown on illegal lending highlights the risks faced by borrowers and investors in unregulated markets. With 30 cases uncovered across the Far Eastern Federal District, authorities continue to urge caution. Those seeking loans or investments are advised to check for proper licensing before committing funds.
