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Weekly Roundup: FATF Condemns Russia, Europe Seizes Yachts, and More

The Financial Action Task Force gray-listed the United Arab Emirates and warned that Russia's invasion of Ukraine could exacerbate financial crimes, ACAMS moneylaundering.com reported. More Russian oligarchs Alisher Usmanov and Igor Sechin had their luxury yachts seized by German and French authorities following their designations by the EU, the Guardian and CNBC reported. More and More U.K. Foreign Secretary Liz Truss plans to reduce the threshold for designating oligarchs after her government failed to make good on promises to blacklist dozens of tycoons tied to the Kremlin, but analysts attributed the dearth of action thus far to a lack of preparation and...

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