Russia was expelled from Fatf: OP explained why it is important for Ukraine

They acknowledged that Russia's war against Ukraine is contrary to the basic principles of an organization aimed at promoting the security and integrity of the world financial system, as well as grossly violates obligations to international cooperation and mutual respect. "Given this, Fatf has decided to suspend the membership of the Russian Federation. The country remains responsible for its obligations to implement FATF standards.

The Russian Federation is obliged to continue to fulfill its financial obligations. Russia will remain a member of the global network as an active member EAG) and will retain their rights as a member of the EAG, "the statement reads. At the same time, the head of the Presidential Office Andriy Yermak believes that even such a decision can Ukraine consider a serious success. "We have a great victory. Fatf has indefinitely suspended Russian membership.

The sanction group of McFala-Ermak has chosen this decision," he said. FATF is an intergovernmental organization that is engaged in the development of world standards in combating criminal income laundering and terrorism financing, as well as assessing 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 FATF black list: we recall that the National Bank of Ukraine was offered from Russia from the International Group on Combating Dirty Money in October 2022. In the then statement, the head of the NBU Andriy Pishny stated that the organization would respond to Russia's violation of the basic principles of international law, which resulted in significant threats to the security and integrity of the financial system of the world.