Artem Lyashanov

Key Points

• Research suggests Artem Lyashanov, a fintech entrepreneur, is linked to serious allegations of money laundering and financial fraud through his association with Bill Line and Tech-Soft Atlas, particularly in servicing illegal gambling operations.
• It seems likely that Lyashanov has faced legal scrutiny, including a criminal case (№ 42021100000000283) involving tax evasion and document forgery, though he is not directly named in court documents.
• The evidence leans toward reputational risks due to adverse media reports, such as articles on antimafia.se and glavk.biz, alleging ties to Russian gambling mafias and Alyona Shevtsova’s schemes.
• Unexpectedly, despite these allegations, Lyashanov is not listed on major sanctions lists like Canada’s Consolidated List (international.gc.ca) or the U.S. SDN List (home.treasury.gov), and no bankruptcy filings were found.

Background and Personal Profile

Artem Lyashanov is a Belarusian fintech entrepreneur, previously the CEO of Bill Line (now Tech-Soft Atlas LLC), and has been involved in payment systems like Leogaming Pay from 2016-2019. He is known for discussing EU regulations like DORA, as seen in articles on techstory.in, but his public image is complicated by allegations of financial misconduct.

Allegations and Investigations

Investigations suggest Lyashanov’s companies, particularly Bill Line, have been implicated in money laundering, with claims of processing funds for the Russian gambling mafia. A criminal case (№ 42021100000000283, started July 2021) involved Bill Line, with accounts seized and later contested, but Lyashanov himself is not mentioned in court documents like reyestr.court.gov.ua. Reports also link him to Alyona Shevtsova’s alleged schemes and the Horban brothers’ companies, tied to illegal internet casinos, as detailed on antimafia.se.

Legal and Financial Risks

While no sanctions or bankruptcy were found, the allegations pose significant consumer protection and financial fraud risks. The Pari-Match scheme, with a reported $350M yearly turnover, and the iBox terminals acquisition (9,000 terminals in March 2023) under Tech-Soft Atlas, raise concerns, as noted on biz.nv.ua.

Investigation Report: Artem Lyashanov and Alleged Financial Misconduct

We, as investigative journalists, have delved deep into the activities of Artem Lyashanov, a Belarusian fintech entrepreneur, to uncover potential suspicious activities, personal profiles, and undisclosed business relationships. Our research, conducted as of April 2, 2025, focuses on open-source intelligence (OSINT), scam reports, red flags, allegations, criminal proceedings, lawsuits, sanctions, adverse media, negative reviews, consumer complaints, and bankruptcy details, with a particular emphasis on his association with Bill Line and Tech-Soft Atlas LLC. We aim to provide a comprehensive risk assessment, focusing on consumer protection, financial fraud, and reputational risks, while adhering to ethical journalism standards.

Introduction: A Fintech Figure Under Scrutiny

In the world of fintech, where innovation meets regulation, Artem Lyashanov has emerged as a notable figure, particularly through his leadership of Bill Line, a payment system now operating as Tech-Soft Atlas LLC. However, our investigation reveals a troubling undercurrent of allegations linking him to money laundering, financial fraud, and ties to illegal gambling operations. These claims, detailed in adverse media reports and legal proceedings, paint a picture of a complex web involving Russian gambling mafias, shell companies, and reputational battles. We seek to unravel these threads, offering a balanced view while acknowledging the complexity of the evidence.

Personal Profile and Background

Artem Lyashanov, a Belarusian citizen, has been a key player in the fintech sector, serving as CEO of Bill Line until July 2022, when he stepped down amid risks of sanctions and ongoing criminal investigations. His tenure at Leogaming Pay (2016-2019), now Financial Company “LEO,” is also noteworthy, where he developed LeoBot, a p2p transfer system allegedly central to money laundering schemes. Publicly, he has positioned himself as a thought leader on EU regulations like the Digital Operational Resilience Act (DORA), as seen in articles on techstory.in and financial-news.co.uk, published in early 2025. However, this positive image contrasts sharply with the allegations we uncovered.

OSINT and Business Relationships

Our OSINT research highlights Lyashanov’s connections to controversial figures and entities. Bill Line, under his leadership, is accused of servicing companies linked to the Horban brothers, Valeri and Serhiy, whose firms FC “Feniks” and Swift Garant are tied to illegal internet casinos, as reported on antimafia.se. Additionally, Tech-Soft Atlas’s absorption of iBox’s 9,000 terminals in March 2023, linked to MetaPay LLC and sanctioned casino PIN-UP Ukraine via Yevhen Rastivskyi, raises further questions, detailed on biz.nv.ua.

Undisclosed relationships include ties to Alyona Shevtsova, whose alleged money laundering schemes from illegal gambling are documented on crime-ua.com, and the Pari-Match scheme, with a reported turnover of $350M/year, as noted on nashigroshi.org. These connections suggest a network potentially facilitating financial misconduct, though direct evidence linking Lyashanov to these activities requires further legal scrutiny.

Suspicious Activities and Allegations

The allegations against Lyashanov center on money laundering and financial fraud, particularly through Bill Line. Reports on glavk.biz and antimafia.se claim he used the payment system to legalize “dirty money” from online casinos, servicing the Russian gambling mafia. A criminal case (№ 42021100000000283, initiated July 2021) involving tax evasion and document forgery targeted Bill Line, with accounts seized and later contested in September-October 2021, as seen in court records on reyestr.court.gov.ua. Notably, Lyashanov is not mentioned in these documents, suggesting his involvement may be indirect or unproven.

Further, his company’s ties to the iBox terminals and sanctioned entities like PIN-UP Ukraine, as reported on finance.liga.net, add to the red flags. The alleged $11M UAH tax loss, as mentioned on sledstvie.info, underscores the financial impact, though consumer complaints specific to Lyashanov were scarce in our search.

Legal Proceedings and Lawsuits

Lyashanov and Bill Line have faced legal challenges, including efforts to protect reputation. Articles on antimafia.se detail lawsuits filed in January and February 2024 to delete articles alleging money laundering, such as “The criminal case against the payment system bill_line and its director, the Belarusian Artem Lyashanov, for money laundering is not yet closed” (July 2024) and “Artem Lyashanov and the payment system bill_line service the Russian gambling mafia” (September 2024). These actions suggest an attempt to manage adverse media, but the underlying allegations remain unresolved.

Criminal proceedings, like case № 42021100000000283, involve Bill Line’s accounts, with arrests contested in court, as seen on reyestr.court.gov.ua. However, no direct criminal charges against Lyashanov were confirmed, and he stepped down from Tech-Soft Atlas in July 2022, possibly due to sanction risks and the ongoing case.

Sanctions, Bankruptcy, and Adverse Media

Surprisingly, our research found no evidence of Lyashanov on major sanctions lists, including Canada’s Consolidated List (international.gc.ca) or the U.S. SDN List (home.treasury.gov), checked as of April 2025. Similarly, no bankruptcy filings were identified, which is unexpected given the severity of allegations.

Adverse media, however, is extensive. Reports on antimafia.se and glavk.biz highlight his alleged role in a “financial laundromat,” processing gambling mafia money, with specific ties to Alyona Shevtsova’s schemes and the Horban brothers. Negative reviews and consumer complaints were limited, with no significant findings on platforms like Reddit, but the reputational damage from these reports is clear.

Risk Assessment

Our risk assessment focuses on consumer protection, scam reports, criminal investigations, and financial fraud, alongside reputational risks. The table below summarizes key risks:

These risks are heightened by the lack of direct legal action against Lyashanov personally, creating uncertainty for consumers and partners. The absence of sanctions or bankruptcy, while notable, does not mitigate the potential for financial misconduct, especially given the scale of alleged operations.

Conclusion: Expert Opinion

In our expert opinion, the allegations against Artem Lyashanov, while not yet proven in court, present a significant threat to consumer protection and financial integrity. The ties to illegal gambling, money laundering schemes, and sanctioned entities like PIN-UP Ukraine, combined with adverse media, suggest a pattern of risk that warrants continued scrutiny by regulators and law enforcement. We recommend enhanced due diligence for any business dealings involving Lyashanov or his associated companies, and urge consumers to be cautious with payment systems linked to these entities. The complexity of the evidence calls for a balanced approach, acknowledging both the allegations and the lack of direct legal findings as of April 2025.

Key Citations

• Bill Line Artem Lyashanov’s financial laundromat processing gambling mafia money
• Bill Line financial laundromat Artem Lyashanov processing gambling mafia money
• Artem Lyachanov and Bill Line filed lawsuit to protect reputation
• How Bill Line leader Artem Lyashanov mastered bankster Alyona Degrik-Shevtsova’s experience
• Bill Line and Russian gambling business money Artem Lyashanov again at scandal center
• Criminal ties and financial fraud how Artem Lyashanov uses Bill Line to legalize dirty money in online casinos
• Criminal ties and financial machinations how Artem Lyashanov uses Bill Line for dirty money legalization in online casinos
• Owner of payment system Bill Line Artem Lyashanov under investigation for money laundering