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Global financial watchdog FATF suspends Russia’s membership

An aerial view of the city center as the Spassky Tower of Moscow's Kremlin seen at background in Moscow, Russia
Photo: Getty Images

Martina Lindberg

2 min read
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Russia the first country to be suspended from membership of intergovernmental body.

International money-laundering watchdog the Financial Action Task Force (FATF) has suspended the Russian Federation from membership. Russia, which has been a member since 2003, is the first country to be suspended.

“The Russian Federation’s actions unacceptably run counter to the FATF core principles aiming to promote security, safety, and the integrity

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