Anti-money laundering watchdog refuses to blacklist Russia as Moscow c

Details: Written by: Dominic Culverwell; 28.Oct; Hits: 12

After days of discussions, the world’s leading anti-money laundering watchdog, the Financial Action Task Force (FATF), opted last week not to blacklist Russia despite efforts from Kyiv to sway members to do so over the Kremlin’s increasingly closer ties with blacklisted North Korea and Iran.The FATF, which monitors illicit financial activity like money laundering and terrorist financing, suspended Russia’s membership in February 2023 due to Moscow’s conduct with blacklisted states and cyber crimes.

The Kyiv Independent

The Kyiv Independent is Ukraine’s fastest-growing English-language media outlet, created in November 2021, just three months before the full-scale Russian invasion of Ukraine.

Serve as the bridge between Ukraine and the world, delivering reliable news, context, and on-the-ground reporting.

More from the Author

The international organization met in Paris from Oct. 22 to 25 to discuss which countries should be moved from its gray and blacklists. But while the FATF upheld Moscow’s suspension, it failed to take the punishment a step forward by branding Russia a “high-risk country,” marking another victory for Russia against a Western-led sanctions regime that has looked to ostracize it in the world. The FATF said it condemns Russia’s full-scale invasion of Ukraine, but the organization requires a full consensus from its 40 members to move Russia to its no-go list. Some countries, like South Africa and Brazil, have approached Russia more amicably than their Western counterparts. The FATF said it condemns Russia’s full-scale invasion of Ukraine, but the organization requires a full consensus from its 40 members to move Russia to its no-go list.

Content Original Link:

https://kyivindependent.com/anti-money-laundering-watchdog-refuses-to-blacklist-russia-despite-moscows-cozying-up-to-north-korea-iran/

Log in to comment

INFO: You are posting the message as a 'Guest'

Name

Message

Enter code

Are you a Fella? Write down the text from above!

NAFO Public Education Forum

The purpose of NAFO-PEF is to engage in identifying and analyzing disinformation, formulating defensive strategies, and crafting proactive measures to counter and minimize its impact.

To support our efforts, you can check out our merchandise available on Buy Me a Coffee and our Bonfire Store. Every purchase directly helps fund the forum’s activities and our ongoing fight against disinformation.

Contact Us