Regulatory Alerts2023-03-06
Added · Updated
Financial Action Task Force Public Statement regarding the Russian Federation
The Financial Action Task Force suspended the membership of the Russian Federation due to its invasion of Ukraine, which constitutes a gross violation of FATF core principles. Despite the suspension, the Russian Federation remains accountable for implementing FATF standards and meeting financial obligations while retaining active membership in the Eurasian Group. The FATF urges all jurisdictions to remain vigilant against risks arising from the conflict and to mitigate potential threats to the integrity of the international financial system.
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