Template-type: ReDIF-Article 1.0
Author-Name: Aleksandra A. Koval
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration; «Russia-OECD WABT» Club
Author-Name: Antonina D. Levashenko
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration
Title: Risks of Russia’s Inclusion in the FAFT «Black» or «Grey» List
Title: Риски включения России в «черный» или «серый» списки ФАТФ
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
Classification-JEL: F51, F53, F55, K33
Journal: Russian Economic Developments
Year: 2023
Issue: 8
Month: August
Pages: 8-11
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2362.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2362