Russia FATF's 'blacklisting' rejected by China, India and others.
27/10/2024
Ukraine's bid to have Russia added to an international list of countries with weak money laundering compliance has failed again, three sources with knowledge of the matter told Reuters. Countries including China, India, Saudi Arabia, and South Africa rejected the move.
Two sources with knowledge of the discussions held this week at the international financial crime watchdog FATF in Paris said Brazil was among the groups that rejected the proposal. One source said Ukraine's proposal to shut out Russia had been postponed, gathering more evidence.
The FATF, whose members states include Britain, France, Germany, the United States and other major economies, declined to comment, saying it was due to update what it calls its "grey" and "blacklisted" nations after the end of its plenary discussions on Friday.
The Ukrainian government has argued that Russia, which faces various sanctions from Western governments in response to its 2022 invasion of Ukraine, poses a threat to the international financial system, citing its close links to other "blacklist" countries, Iran and North Korea, among other arguments.
SOURCE
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