Will be better for everyone: the National Bank explained why the Russian Federation should be on the "FATF" black list

After the start of a full -scale war, Ukraine has repeatedly insisted that Russia is included in the "black list" of the International Group on Combating Down Money (FATF), but our country's requests are ignored. The head of the National Bank Andriy Pyshny explains how Russia continues to threaten the financial security of the world. The international financial system is overflowing with illegal monetary flows of Russian descent more than ever.

All because the Kremlin needs resources for its criminal activity - the financing of terrorism, the purchase of weapons and components thereto, and to avoid all the imposed restrictions and export control measures. The head of the National Bank of Ukraine Andriy Pyshny writes about it in his column for liga. net.

In his opinion, if we exclude Russia from FATF and bring the country to the "black list" - will allow to protect the global financial system from the risks created by the Russian Federation, and will strongly strengthen the position of the sanction regime of "coalition". "This step will complicate Russia's attempts to buy high -tech components for the production of weapons with the involvement of intermediaries for Russian companies.

Since it will require financial institutions to use increased protocols of control over operations that may be in touch with Russia," Pishni said. The head of the National Bank notes that Russia is now actively establishing financial partnership with Iran. However, the deepening of financial ties between the two countries has significant consequences for the safety of the world financial system, as this opens the way to illegal financial flows from the country listed in the FATF "black list".

And strengthening the economic and political influence of the Russian Federation is a real threat to the values ​​that Fatf is so cherished: "Today Russia recognizes the irrevocable evidence of its inconsistency with FATF standards and the real chance of getting to the" Fatf "black list, so it resorts to blackmail and political pressure. It is not a surprise for us.

Recognizing that its crimes are the reasons for inclusion in the "black list", Moscow makes tremendous efforts to force Member States not to take such a step. Fatf members should not be pressured, " Magnificent. FATF is an intergovernmental organization that creates the world standards in combating criminal income laundering and terrorism financing, and assesses state compliance with these standards. And the Fatf Black List is a list of high risk jurisdictions.

The listing would complicate trade with Russia and deprive the Russian military funding machine. As of 2023, there are three countries on the Black List Fatf: in late February 2023, Fatf suspended Russian membership in the organization. At the same time, the initiative of Ukraine was ignored to add an aggressor country to the black list of high-risk countries.