Publications

The Financial Action Task Force (FATF) was established by the G7 in 1989 to combat money laundering and terrorism finance.

Being on the FATF "high-risk" country list may not sound terrible but, in some circles, it is akin to being labelled a financial pariah.

Tomorrow, the United States and its fellow members of the “P5+1” (Russia, China, France, England and Germany) will sit down once again with Iran for what has been billed as the Islamic Republic’s “last chance” to come to terms with the West regarding its nuclear ambitions. The likely outcome of those talks, however, is already within view—and it is far from encouraging.

Though news reports generally give a very different impression, Russia is actually playing a constructive role in dealing with the multifaceted issue of Iran's nuclear program. One hint came last month, when Russia's second-largest financial institution closed the accounts of Iran's embassy in Moscow. While given little attention by the media on either side of the Atlantic, this move signals the Kremlin's willingness to confront Iran on its march toward nuclearization.