US EditionEU Flags Russia as High-Risk for Money Laundering, Terror Finance
8 Articles
8 Articles
E.U. blacklisting over ‘money laundering and terrorist financing’ pushes Russia further into pariah status
The European Union plans to add Russia to its list of countries with a high risk of money laundering and terrorist financing, Politico reported this week. Once official, the decision will exacerbate Russia’s international pariah status, jeopardizing investment and trade flows that emerged in response to Western sanctions against Moscow after the full-scale invasion of Ukraine. Meduza spoke with anti-corruption expert Ilya Shumanov to understand …
The EU will include Russia in the list of countries with a high risk of money-laundering and terrorist financing, writing Policyo and Le Monde with reference to sources and a document being developed.
EU Adds Russia to List of High-Risk Countries for Anti-Money Laundering Compliance
The European Commission on Dec. 2 added Russia to its list of high-risk jurisdictions with deficiencies in their anti-money-laundering and counterterrorist financing regimes. EU entities covered by the anti-money-laundering framework are required to apply "enhanced vigilance in transactions involving" jurisdictions...
The European Commission has decided to include Russia in the blacklist of jurisdictions with a high risk of money laundering and terrorist financing, reports Politico, quoted by RBK, which consulted a document annexed to the EU's official register. Although the list on the Commission's website has not yet been updated, the latest version dates from August and does not contain Russia, the political decision has already been made, according to the…
The European Commission has included Russia in the list of high-risk countries for money-laundering and the financing of terrorism, and the decision should enter into force within a month, unless there are objections from the European Parliament and the EU Council.
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