Ahead of the next meeting of the Financial Action Task Force (FATF), an international body combating money laundering and terrorism financing, Russia has undertaken extraordinary measures to avoid being blacklisted or even placed on the FATF's grey list of countries deemed non-compliant.

The lengths to which the aggressor state has gone demonstrate how concerned Moscow is about the potential impacts of such a blacklisting or greylisting.

What is FATF and how does it work?

The Financial Action Task Force (FATF) was founded in 1989 and is based in Paris.

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