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US Treasury praises FATF decision to limit Russia’s role in global financial watchdog

By Elizabeth Hearst for AMLi

The US Treasury has commended the “unprecedented censure of Russia” announced by the Financial Action Task Force at its June plenary session.

On Friday, FATF announced it would severely limit Russia’s role and influence within the body, with FATF members ruling that Russia could no longer hold any leadership or advisory roles.

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