AML Intelligence has published an article by the Head of the SFMS of Ukraine Igor Cherkaskyi “OPINION: Why Russia’s financing of terror and corruption mean it should go on FATF’s ‘blacklist’ this month – by the Head of Ukraine’s FIU”.

In this article, the Head of the State Financial Monitoring Service of Ukraine informed the world community in detail about the facts indicating that Russia has not improved its behaviour since the FATF membership suspension and, on the contrary, has intensified its efforts to undermine global financial security and collaborative efforts to counter money laundering, terrorism and proliferation financing.

Considerable attention is paid to the risks to global financial security posed by Russia. These risks are multifaceted and go far beyond Ukraine – from financing of terrorist organizations operating in Africa and exporting corruption to Western institutions to using crypto for money laundering and illicit activities financing.

The article also highlights the expectations that, taking into account the substantial expertise of the FATF and its ability to disentangle complex issues of AML/CFT/CPF based on trust and mutual respect within the international community, there is no doubt that whatever further decisions are made, they will be aimed at returning to peace and security and restricting malign actors’ ability to infiltrate and poison the global financial system.

This publication is relevant in the context of the FATF Plenary Meeting to be held in Paris (France) next week.

The full text of the article is available on the website of AML Intelligence: http://surl.li/icbcm.