FATF SUSPENDS RUSSIA FROM MEMBERSHIP
February 24th, 2023
The Financial Action Task Force (FATF) has suspended Russia from membership because of its continuing military invasion of Ukraine – an unprovoked attack that the UN said by February 20 had killed 8,006 civilians and injured 13,287.
The global AML body’s plenary today (Feb 24) acted following "reports of arms trade between the Russian Federation and United Nations sanctioned jurisdictions, and malicious cyber-activities emanating from Russia”. A communiqué added that Russia’s “actions unacceptably run counter to the FATF core principles aiming to ...
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