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INSIGHT: ‘This is first time we have suspended a member,’ says FATF chief of Russia move

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?

“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…

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