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Russia ‘Essentially Sidelined’ by FATF as Pakistan Escapes Gray List

By Benjamin Hardy

Four months after stripping Russia of all leadership roles, the Financial Action Task Force on Friday further barred the country from participating in any of the group's "current and future projects" in response to the Kremlin-ordered invasion and occupation of Ukraine. Raja Kumar, a senior advisor in Singapore's Home Affair Ministry who began his two-year term as president of FATF in July, told reporters after the intergovernmental group's latest three-day conference in Paris that the decision means that Russia has "essentially been sidelined as a member." The global financial watchdog also announced that Myanmar would join Iran and North Korea...

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