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Ukraine wants global financial crime watchdog to expel Russia

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Ukraine’s central bank chief said last Friday (14 October) that he will ask the Financial Action Task Force (FATF), a global financial crime watchdog, to expel Russia for its invasion of Ukraine.

Andriy Pyshnyi, a new central bank governor, stated on Facebook that he would send the request for the bank to the FATF in a letter before the organisation's plenary session 18-21 October.

Russia is currently a FATF member. Ukraine is not currently a member.

Pyshnyi claimed Russia had "created serious threats to security and integrity the world's finance system" and demanded that Moscow pay "the price" for its invasion in Ukraine.

Russia refers to its actions in Ukraine as a "special military operations" to demilitarize and "denazify" Russia.

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