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The EU is finally blacklisting Russia for money laundering

8 days ago
https://www.politico.eu/article/the-eu-is-finally-blacklisting-russia-for-money-laundering/
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  • #Money Laundering
  • #Russia
  • #EU
  • The EU is adding Russia to its blacklist of high-risk countries for money laundering and terrorism financing.
  • The Financial Action Task Force (FATF) suspended Russia after its invasion of Ukraine but did not blacklist it due to opposition from BRICS countries.
  • EU lawmakers urged the Commission to act where FATF failed, leading to a commitment to review and potentially remove the UAE and Gibraltar from the list by 2025.
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