Main page > About the company > News and mailing > Jurisdictions news > FATF limited Russia's powers in the organization

FATF limited Russia's powers in the organization


				20.06.2022
						The Financial Action Task Force on Money Laundering (FATF) has deprived Russia of its leadership and advisory functions due to conduct of military operations in Ukraine, the organization said in a statement adopted at the end of plenary session.

"FATF has decided to sharply limit the role and influence of Russian Federation in FATF. In particular, Russian Federation can no longer perform any functions related to leadership or consultations, as well as participate in setting standards, conducting peer review, making decisions in field of management and membership," the message says.

FATF will monitor the situation and decide at each plenary meeting whether there are grounds for changing or removing restrictions.

Link to source: https://www.fatf-gafi.org/publications/fatfgeneral/documents/ukraine-june-2022.html

Back to the list news

Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 203 608 22 48
E-mail us: london@hbcomp.co.uk


News

06/30/2022 18:56:00

Russian Federation recognized Cyprus and Switzerland as offshore zone

The Ministry of Finance of the Russian Federation has approved a list ...

Read more

06/27/2022 18:54:00

Online tax on BVI

The British Virgin Islands Department of Internal Revenue is implement ...

Read more

06/23/2022 18:53:00

Turks will pay less

The Turkish government has submitted a bill on the introduction of new ...

Read more