FATF LIMITS RUSSIAN ROLE IN GLOBAL AML BODY OVER UKRAINE INVASIONFATF LIMITS RUSSIAN ROLE IN GLOBAL AML BODY OVER UKRAINE INVASION
June 27th, 2022
FATF has announced it will “severely limit” Russia’s role within FATF, following it invasion of Ukraine, which as of June 17 had killed 4,509 civilians (UN figures). Following its plenary from June 14-17, FATF announced Russia “can no longer hold any leadership or advisory roles or take part in decision-making on standard-setting, FATF peer review processes, governance and membership matters”. The country can “no longer provide assessors, reviewers or other experts for FATF peer-review processes”. The invasion runs “counter to the FATF core ...
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