FATF has once again ignored Ukraine's demand to put Russia on the "black list" of money laundering countries
The organization has removed Albania, Cayman Islands, Jordan and Panama from the "gray" list and added Bulgaria to it
The FATF (Financial Action Task Force) at its plenary session on October 25-27 in Paris once again ignored Ukraine's call to add Russia to the list of high-risk jurisdictions – the so-called "black list".
Source. This was reported by Interfax-Ukraine.
"The suspension of Russia's membership remains in force. Following statements published since March 2022, the FATF reiterates that all jurisdictions should be vigilant about the ongoing risks associated with circumventing measures taken against the Russian Federation to protect the international financial system," the final communiqué reiterates the organization's position on Russia.
The FATF has also updated the "gray" list of countries that are under enhanced monitoring for money laundering and terrorist financing.
The organization removed Albania, Cayman Islands, Jordan and Panama from the gray list and added Bulgaria to it.
The list also includes Barbados, Burkina Faso, Haiti, Gibraltar, the Democratic Republic of the Congo, Yemen, Jamaica, Mali, Mozambique, Nigeria, the United Arab Emirates, Senegal, South Sudan, Syria, Tanzania, Turkey, Uganda, the Philippines and South Africa.
At the same time, the FATF left the blacklist unchanged. It includes countries that require countermeasures, such as the DPRK and Iran, and countries that require enhanced due diligence commensurate with the risks (Myanmar).
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