Myanmar has joined Iran and North Korea on the Financial Action Task Force (FATF) list of high-risk jurisdictions subject to a call for action, better known as the FATF ‘black list’.

Despite calls from Ukraine and elsewhere for Russia to be blacklisted, the FATF opted at its plenary meetings in Paris last week not to do that, but has decided to impose additional restrictions on Moscow, essentially sidelining Russia from any meaningful role in the task force.

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