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FATF limited Russia's powers in the organization

						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.

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