FATF restricts Russia’s role in the task force but stops short of blacklisting
The Financial Action Task Force (FATF) issued a new statement last week at its plenary meetings in Berlin that restricts Russia from playing any significant role in the activities of the task force. But while the global financial watchdog continues to call Russia’s invasion of…
Sanctioned Russian entities can evade restrictions by engaging in gold and money laundering
Barred from generating and accessing profits from gold produced domestically or at their mining investments abroad, sanctioned Russian entities and individuals can evade restrictions imposed on them if they engage in gold and money laundering to disguise the origins of the gold and the beneficiaries…
