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Global Watchdog Targets Russian Money Flows to Amplify Sanctions

March 4, 2022, 10:30 AM

A global financial watchdog is discussing a coordinated approach to trace Russian money flows into several nations in an effort to curb sanctions evasion, people familiar with the matter said.

The issue of money from Russia was a major concern raised by member states at the Paris-based Financial Action Task Force’s plenary this week, said the people, who requested anonymity as the matter is private. Efforts are underway to coordinate across the body to address the matter in a comprehensive way.

The FATF has been talking about priority jurisdictions that will receive additional scrutiny to ensure Russian capital isn’t able ...