In Ukraine, Gosfinmonitoring contributed to blocking Russia and suspending its membership in major international organizations. In addition, during the war, the department has been searching for the assets of the occupiers, finding channels for financing saboteurs.
Information about suspicious financial transactions has already been sent to law enforcement agencies more than 118.5 billion UAH.. They also transmitted information about 462 traitors and collaborators. This is stated in the report of the State Financial Monitoring Service.
- Russia is excluded from MONEYVAL, and Russia’s membership in the FATF is terminated
Russia’s actions are recognized as contrary to the principles of the FATF and violating the standards of the organization. Earlier, the Russian Federation was also banned from participating in current and future FATF projects.
On March 16, the Russian Federation was excluded from the Committee of Experts of the Council of Europe MONEYVAL. Thus, the Russian Federation cannot participate in the meetings of the Council of Europe on combating money laundering and the financing of terrorism. Prior to this, on February 25, with the participation of the State Financial Monitoring Service, Russia’s membership in MONEYVAL was terminated.
- Russia restricted membership in the Egmont Group
The Financial Investigation Unit (FIU) of the Russian Federation is limited in the group’s membership rights. In particular, the FIU of the Russian Federation is prohibited from holding managerial, advisory and representative positions, holding meetings and participating in projects.
The Egmont Group is working to improve cooperation in the field of combating money laundering and the financing of terrorism. It also contributes to the implementation of national programs in this area.
Also Russia lost observer status in APG. We are talking about the Asia-Pacific group on combating money laundering.
In addition, the conference of the parties CETS 198 also limited the rights of the Russian Federation. As a result, Russia is deprived of the right to vote on any issues that are not related to the statutory functions of the conference, and can only participate in conference meetings online.
The Gofminmonitoring also published a diagram of the risks that Russia bears for global financial security and world order. In particular, this is a violation of various conventions, financing of terrorism, misuse of mandates in international organizations.
As GLOBAL HAPPENINGS reported, earlier the State Financial Monitoring Service of Ukraine received a distinction from the Egmonton Group – a professional network to enhance the effectiveness of the exchange of information and experience between the FIUs of the world community, which includes financial intelligence services from 167 jurisdictions. The prerequisite for this was the vigorous activity of the service that counteracts the financing of Russian terrorism. In particular, she took 2nd place “in the region in terms of contributions and activities of the group.”
Source: Obozrevatel
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