Russia barred from future projects of FATF due to 'invasion of Ukraine'

Russia has been barred from participating in future projects of FATF. Addressing a press conference in Paris, FATF chairperson T Raja Kumar said the move comes in the wake of Moscow's invasion of Ukraine. Significantly, for the first time, FATF put Myanmar in the "high risk jurisdictions subject to a call for action", often referred to as the watchdog's black list. Iran and North Korea continue to be in the black list.