My condolences in connection with the death of people during the war between Russia and Ukraine expressed Financial Action Task Force (FATF).
“The actions of the leadership of the Russian Federation are contrary to the basic principles of the FATF and represent a gross violation of the obligations on the basis of which the FATF ministers agreed to implement and maintain standards,” the statement said.
There are now plans to review Russia’s role in the Financial Action Task Force on Money Laundering and take steps to uphold the organization’s core values.
Dialogue and mutual respect between countries are named as the main principles of international cooperation. The agency expressed concern about the impact of Russia’s invasion of Ukraine on the risks of money laundering and terrorist financing, as well as the integrity of the financial system and the economy as a whole.