Ukraine: Global anti-money laundering body must ‘blacklist’ Russia after North Korea defence pact

Tom Keatinge, the director of the Centre for Finance and Security at think tank RUSI, said that the explicit strengthening of ties between the two nations could trigger a response from the FATF. “There is a very specific requirement in the Financial Action Task Force standards to comply with UN Security Council resolutions related to North Korea,” he told City A.M. “So the question is, how is the FATF going to respond to a country blatantly violating its standards?,” he said. “It’s so in your face that for the FATF to ignore it would be, personally, I think, damaging to the legitimacy of the FATF,” he added.