Financial Action Task Force suspends Russia due to Ukraine war

Ukraine welcomed the decision but will continue to push for FATF to blacklist Russia

Paris — Global financial crime watchdog Financial Action Task Force suspended Russia's membership on Friday, saying Moscow's war in Ukraine violated the organisation's principles.

Ukraine, which has made repeated calls to exclude Russia from the organisation, welcomed the decision to suspend Russia but added that it would continue its push with FATF members to go further and get Russia blacklisted. Although suspended, Russia remains a FATF member. The main consequences of Friday's decision will be that Russia will be barred from attending meetings and accessing documents, FATF said.

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