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Risks of Russia’s Inclusion in the FAFT «Black» or «Grey» List
[Риски Включения России В «Черный» Или «Серый» Списки Фатф]

Author

Listed:
  • Aleksandra A. Koval

    (Russian Presidential Academy of National Economy and Public Administration; «Russia-OECD WABT» Club)

  • Antonina D. Levashenko

    (Russian Presidential Academy of National Economy and Public Administration)

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.

Suggested Citation

  • Aleksandra A. Koval & Antonina D. Levashenko, 2023. "Risks of Russia’s Inclusion in the FAFT «Black» or «Grey» List [Риски Включения России В «Черный» Или «Серый» Списки Фатф]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 8, pages 8-11, August.
    • Handle: RePEc:gai:recdev:r2362
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    More about this item

    Keywords

    FATF; AML; FATF blacklist; FATF greylist;
    All these keywords.

    JEL classification:

    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law

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