Ukraine's bid to add Russia to FATF's 'black list' fails as India, China reject move

Ukraine's bid to blacklist Russia over high-risk money laundering was rejected by India, China, Saudi Arabia, and South Africa during the FATF discussions in Paris. Brazil also opposed the proposal, which led to a delay for further evidence gathering. Russia's FATF membership remains suspended.

Oct 25, 2024 - 21:30

Ukraine's bid to add Russia to FATF's 'black list' fails as India, China reject move

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Ukraine's bid to blacklist Russia over high-risk money laundering was rejected by India, China, Saudi Arabia, and South Africa during the FATF discussions in Paris. Brazil also opposed the proposal, which led to a delay for further evidence gathering. Russia's FATF membership remains suspended.