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European Parliament May Support the Inclusion of Russia in the FATF “Grey List” in the Second Decade of June
published: 09.06.2025
In the near future, the European Parliament’s Committee on the Coordination of Economic Affairs may submit for discussion a resolution on the inclusion of Russia in the “grey” list of countries that do not meet the criteria for combating money laundering and counteracting terrorism. It is worth recalling that this is not the first such attempt since 2022. This list is effective only after the compilation and publication of the annual list of the Financial Action Task Force (FATF). It is likely that, at the level of the Group’s members, as in previous years, countries such as China and the UAE will block it. These countries have a direct financial interest in cooperating with a terrorist country. As such, there are no special expectations at the moment.
Nevertheless, such a decision at the level of the European Parliament may significantly affect the movement of “Russian” money in the eurozone. Firstly, European financial institutions will in principle have painful reputational losses, which will be transformed into specific financial ones. A good example of that is Deutsche Bank. Secondly, the movement of such funds will be significantly slowed down and become more expensive due to additional financial monitoring checks during transaction processing.
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