FATF KICKS RUSSIA OUT OF ALL ONGOING AND FUTURE PROJECTS
October 13th, 2022
FATF has acted against Russia, further squeezing it from the international AML/CFT system over its invasion of Ukraine, that as of October 17 had killed 6,306 civilians (UN figures). The global AML body’s latest plenary meeting highlighted the "needless loss of life, suffering and destruction” caused by the invasion, with Russia violating "FATF’s core principles [on] the security, safety and the integrity of the financial system”. FATF has now barred Russia from participating in current and future FATF projects, and meetings of FATF-style regional bodies ...
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