Reducing Activities: company scaling back some business operations while continuing others

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The Financial Action Task Force (FATF), also known by its French name, Groupe d'action financière, is an intergovernmental organisation founded in 1989 on the initiative of the G7 to develop policies to combat money laundering and to maintain certain interest. In 2001, its mandate was expanded to include terrorism financing.

 
 
 
 
 

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

The Financial Action Task Force (FATF) continued to suspend Russia's membership without imposing further restrictive measures. FATF lowered Russia's rating in the sphere of control over transactions with cryptocurrency.

The Company Statement
June 23, 2023

The FATF Plenary on February 24, 2023 has suspended the membership of the Russian Federation. The Ministry of Finance of Ukraine expresses concern over reports of Russia's attempts to blackmail member countries of the International Financial Action Task Force (FATF) on the eve of the FATF plenary meeting in Paris, which will take place on June 19-23. Russia is trying to exert political pressure on its commercial partners to avoid being blacklisted. In particular, Russia demands to oppose any applications of Ukraine or FATF decisions regarding its inclusion in black or gray lists. The International Anti-Money Laundering Group (FATF) did not include Russia in the "black list". The Ministry of Finance and the State Financial Monitoring Service have once again called on the Financial Action Task Force on Money Laundering (FATF) to include Russia in the "blacklist" during the plenary sessions in Paris from October 23 to 27, 2023. On October 22, 2024 the International Anti-Money Laundering Group (FATF) once again failed to include Russia in the "black" list.

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Statements Archive
October 23, 2024Russia was again not included in the "black" list of the FATF - sources
October 15, 2024Global money laundering body to consider blacklisting Russia
February 28, 2024FATF lowered Russia's rating in the sphere of control over transactions with cryptocurrency
February 23, 2024FATF again did not include Russia in the "black list"
February 23, 2024FATF issues expanded statement on Russian threats: supports suspension of membership but not blacklisting
February 14, 2024Ukraine once again called on the FATF to include the Russian Federation in the "black list" against the background of strengthening ties with the DPRK and Iran
February 01, 2024Hoping that FATF will finally wake up to the risks Russia poses after the UN top court ruled that Russia violated terrorism financing convention & lied to FATF in its reporting.
October 23, 2023Ukraine once again called on FATF to include Russia in the "black list"
June 23, 2023FATF did not include Russia in the "black list"
June 04, 2023Money transfers from Russia may be banned
May 24, 2023Ukraine concerned over Russia’s blackmailing of FATF members ahead of the watchdog’s plenary in June – Minister of Finance of Ukraine Sergii Marchenko
May 14, 2022Russia was a member of FATF as of May 14
Demand to Leave Russia:Petition text has been copied to the clipboard.
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