Ukraine proposes to contribute to the "black list of Fatf": why is it required

In addition, the National Bank asks to terminate Russian membership in FATF regional bodies and deprive it of the observer status. The address of the NBU Chairman Andriy Pishny said that the organization will respond to Russia's violation of the basic principles of international law, which resulted in significant threats to the safety and integrity of the financial system of the world.

"The actions of Russia directly testify to the violation of the prohibitions of terrorism and the regime of non -proliferation of weapons of mass destruction . . . Russia continues the genocide of Ukrainians, keeps the hostage all over the world, posed a threat to famine in Africa and Asia," the NBU added.

FATF is an intergovernmental organization that deals with the development of world standards in combating criminal income laundering and terrorism financing, and assesses the compliance of states with these standards. And the Fatf Black List is a list of high risk jurisdictions. Subject to the list will complicate trade with Russia and help to deprive the Russian military machine funding. Such a step will also not overlook international sanctions because of available loopholes.

It will also directly affect Russia's banking system and international trade. In particular, any payments sent to the bank accounts from the Black List can be blocked. We will remind, on October 7 the Verkhovna Rada of Ukraine supported the candidature of the expert of the board of "Oschadbank" Andriy Pishny for the post of chairman of the National Bank. Focus gathered some interesting facts about Andrew Lushny - a new head of the NBU.