RUSSIAN INVASION OF UKRAINE MAKES EMERGING ML RISK LESS PREDICTABLE
March 24th, 2022
The invasion of Ukraine by Russia risks undermining AML/CFT, said FATF in its post-plenary communiqué issued in March. (1) But how this unprovoked military action will disrupt the policing and detection of dirty money remains to be seen, noted Carol Van Cleef, chair of the blockchain and digital assets practice, at Bradley Arant Boult Cummings, Washington DC.
With European, North American and some Asian countries unleashing unprecedent sanctions on Russia and its wealthy oligarchs, she anticipates that significant portions of their wealth have already been ...
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