In response to the FATF Public Statement

In response to the FATF Public Statement of 04.03.2022, the State Financial Monitoring Service of Ukraine, as the body empowered by Ukraine to implement the state policy in the AML/CFT/PF area, has sent another appeal to the FATF (in addition to the letters of 27.02.2022 № 1-вс/210-09 and of 04.03.2022 № 3-вс/210-09).

In the letter, the Head of the SFMS has presented its compliments to the FATF and expressed gratitude for the objective position on the assessment of the armed attack of the Russian Federation (Russia) on Ukraine and the recognition of the risks posed by Russia to the financial world.

At the same time, according to the SFMS, the country that has started an open war, accompanied by killings of civilians, including children, destruction of peaceful infrastructure (kindergartens, schools, hospitals, maternity hospitals, residential buildings, etc.), acts of terrorism with the use of prohibited weapons may not continue to be a member of such a respected Group as the FATF. This contradicts all core principles on which the FATF is based and common sense. Russia’s designation to the FATF sanction list will be a clear and expected signal for civilized financial markets.

Thus, the FATF was once again called upon to:

- recognise Russia as a country that by its actions carries out the proliferation of weapons of mass destruction, and include it in the relevant FATF sanctions list;

- exclude Russia from the FATF members.

We continue to work to take comprehensive measures to further isolate Russia in the international arena in connection with its blatant violations of fundamental principles and international law.