EU Commission Adds Russia to Money Laundering High-Risk List

The European Commission added Russia to its list of high-risk jurisdictions for money laundering and terrorist financing in a further financial fallout for the country almost four years after its full-scale invasion of Ukraine.

“This is a key step to ensure EU financial and non-financial operators apply stricter checks when dealing with Russian entities,” EU Economy Commissioner Valdis Dombrovskis said in a post on X.

Russia had been suspended but not listed by the Financial Action Task Force, an inter-governmental organization that sets standards to try to curb money laundering. The EU is using the categorization to draw up ...