Risks of Russia’s Inclusion in the FAFT «Black» or «Grey» List

Риски включения России в «черный» или «серый» списки ФАТФ

Aleksandra A. Koval and Antonina Levashenko
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Aleksandra A. Koval: Russian Presidential Academy of National Economy and Public Administration; «Russia-OECD WABT» Club

Russian Economic Development, 2023, issue 8, 8-11

Abstract: In the context of unfriendly policies of a number of foreign countries towards Russia, there are risks of inclusion of the country in the FATF «black» or «gray» lists. Inclusion of a jurisdiction in such lists implies the need to conduct enhanced due diligence procedures in case of transactions with its residents and has a significant negative impact on capital inflows to such a country. If Russia was to be included in one of the FATF lists, a reduction in Russian foreign trade of up to 10% could be expected.

Keywords: FATF; AML; FATF blacklist; FATF greylist (search for similar items in EconPapers)
JEL-codes: F51 F53 F55 K33 (search for similar items in EconPapers)
Date: 2023
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