FATF: It is too early to exclude Russia from the black list

The Financial Action Task Force on Money Laundering, or the FATF, which has gathered for a session in Paris shall not discuss the possibility of excluding Russia from the FATF black list, reports the financial publication Le Figaro Economie, citing the words of the FATF vice president.

"Russia's responsible persons must furnish a plan of transit measures that will allow us to exclude Russia from the black list," said the vice president. "This must be done by October." The FATF session, which is being held behind closed doors, will sum up the results of its actions against money laundering and financing of terrorist organizations. The results will be announced on Friday.