Major setback for Russia: FATF suspends Moscow's membership over ongoing Ukraine war
India TV NewsRussia-Ukraine war: The Financial Action Task Force on Friday suspended Russia's membership for its "illegal, unprovoked and unjustified" full-scale military invasion of Ukraine. Russia's actions were "unacceptably run" counter to FATF's core principles that aims to promote security, safety, and integrity of the global financial system, it said. One year after Russian's illegal, unprovoked and unjustified full-scale military invasion of Ukraine, FATF reiterates its deepest sympathies for the people of Ukraine and continues to deplore the huge loss of lives and malicious destruction caused by Russia's ongoing "brutal attack" on Ukraine, said the statement issued after the FATF plenary held in Paris. "Strongly condemning" its "war of aggression" against Ukraine, the FATF said over the past year, Russia has "intensified its inhumane and brutal attacks" targeting critical public infrastructure, the statement said. "The FATF continues to call upon all jurisdictions to remain vigilant of threats to the integrity, safety and security of the international financial system arising from the Russian Federation's war against Ukraine.
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FATF Suspends Russia's Membership Over Ukraine War
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Financial crime watchdog FATF suspends Russia’s membership over Ukraine war
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Global anti-money laundering watchdog FATF suspends Russia’s membership
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Financial crime watchdog FATF suspends Russia's membership over Ukraine war
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