From 19 to 23 June 2023, the SFMS (according to the quota of the MONEYVAL and with the support of the EU Anti-Corruption Initiative in Ukraine (EUACI) project) will participate in the Plenary meeting and relevant FATF Working Groups meetings, which will be held in Paris (France).

During the meetings, it is planned to consider a number of issues regarding the current state of affairs, as well as global initiatives in the AML/CFT/CPF area.

In this context, it is important for Ukraine to discuss the issue of further imposing sanctions on the Russian Federation, based on the emerging threats and risks that the Russian Federation poses to the international financial system.

On 7 June 2023, the Head of the SFMS, Mr. Igor Cherkaskyi, once again personally addressed the FATF President, Mr. T. Raja Kumar, with an accented letter, where he informed about the position of Ukraine and called for continued response to the growing risks of the Russian Federation.

In addition, in cooperation with partners from the public and private sectors the SFMS has prepared a new video appeal to the FATF in which the terrorist actions of the Russian Federation that undermine global financial security are demonstrated.

This new material, along with:

- previous video appeals to the FATF (prepared for October 2022 and February 2023 FATF meetings);

- Public appeal to the FATF in order to include the Russian Federation (RF) in the “black list” and exclude it from the membership in this organization;

- Breakdown of Russian Federation’s negative influence on the World Order and Global Financial Security, developed by the SFMS;

- Appeal of the Head of the SFMS, Igor Cherkaskyi, in the columns of the Bloomberg Agency and The Washington Post, as well as a joint announcements with the Minister of Finance of Ukraine on the Official Portal of the Ministry of Finance, etc.,

should be an element of the public part of the communication with the FATF to draw wide attention to the relevance of the issues raised. The SFMS is grateful to all (national and international partners) who participate in the mentioned activity and support the response vector to the threats and risks to the international financial system emanating from the Russian Federation.

Ahead of the FATF meetings, we appeal to the leadership and FATF member states to consolidate efforts and adopt consensus decisions that would clearly demonstrate that the Russian terrorist regime is not capable of changing the established World order, and the threats and risks of the Russian Federation in the area of money laundering, terrorist financing and the financing of the proliferation of weapons of mass destruction will be stopped.

Glory to Ukraine!

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