Two years after the start of the invasion of Ukraine by the Russian Federation, the Financial Action Task Force (FATF), the intergovernmental body responsible for combating money laundering and terrorist financing, continues to call on all jurisdictions to remain vigilant of threats to the integrity, safety and security of the international financial system, in a statement published on Friday 23 February (see EUROPE 13357/1).
The FATF reiterates that “all jurisdictions should be alert to possible emerging risks from the circumvention of measures taken in order to protect the international financial system and take the necessary measures to mitigate these risks”. The FATF is also deeply concerned about reports of arms trade between the Russian Federation and UN-sanctioned jurisdictions, as well as malicious cyber activities emanating from Russia.
FATF members note with concern the potential risks to the international financial system, including growing financial connectivity of Russia with countries subject to FATF countermeasures, risks of proliferation financing, and malicious cyber activities and ransomware attacks. Given the seriousness of these risks, many FATF members are taking proactive measures to protect themselves and the global financial system.
To read the statement: https://aeur.eu/f/b0x (Original version in French by Anne Damiani)