Coherent Identifier About this item: 20.500.12592/10nnbb

Statement on Why Russia Should be Excluded from FATF

18 October 2022

Summary

After Russia unlawfully invaded Ukraine, the International Working Group on Russian Sanctions recommended that Russia be excluded from the Financial Action Task Force on Money Laundering (FATF). At the FATF Plenary session this week, FATF members have the opportunity to recognize Russia’s wholesale violation of its standards and therefore to exclude Russia from the FATF. Now is the moment to act. Russia’s exclusion from FATF would send a clear signal to companies and financial institutions around the world that Russia is no longer considered as a reliable financial center where their funds will be protected. (Statement continues).

Creators/Authors

Tags

ukraine russie fatf

Topics