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FATF rejected Ukraine’s call to blacklist Russia

Photo: FATF

The organization extended the suspension of Russia’s membership, but this time the aggressor country was not added to the blacklist.

The international organization, the Financial Action Task Force (FATF), at a plenary meeting on June 23-28 in Singapore, extended the suspension of Russia’s membership, but this time it was not blacklisted. The press service of the Ministry of Finance reported this on Monday, July 1.

It was noted that according to official information from the FATF, the suspension of Russia’s membership remains in effect.

“The FATF states that all jurisdictions must be vigilant about current and new risks of circumvention measures taken against the Russian Federation to protect the international financial system. However, the Russian Federation is not blacklisted again,” the statement said.

“We expect stronger action from the FATF given the overwhelming evidence of Russia’s abuses… The FATF, which is responsible for the security of the global financial system, should stick to its mandate and directly name the country increased its finances. contact with North Korea in violation of the Council Resolution There is sufficient evidence of such cooperation for the security of the UN,” said Finance Minister Sergei Marchenko.

The FATF is an intergovernmental organization that sets international standards in the field of combating money laundering and terrorist financing.

We remind you that FATF suspended Russia’s membership in February 2023. Ukraine has repeatedly called on the organization to blacklist Russia, but FATF has refused to do so.

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Source: korrespondent

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