“THIS is the first time a member of FATF is suspended,” FATF President Raja Kumar said this evening (Friday). “Russia is effectively sidelined from the organisation,” he told reporters at the post-plenary press conference. Ukraine, which has made repeated calls to exclude Russia from the organisation, welcomed the decision to suspend Russia but added that…
Analysis, Financial Crime, Financial Services
INSIGHT: ‘This is first time we have suspended a member,’ says FATF chief of Russia move
![](https://www.amlintelligence.com/wp-content/uploads/2023/02/Kumar-816x544.jpg)
PRESIDENT: FATF's president T Raja Kumar has major discretionary powers at the FATF plenary. How will he respond to both sides on demands about Russia?