Russia has been removed from a list of countries failing to fight money laundering, compiled by the Financial Action Task Force. Only a little over a year ago the same body - made up of finance and law enforcement officials mostly from the developed world - recommended sanctions. This is a threat it reserves for countries with the most serious deficiencies. In the event, Russia did enough by last year's deadline to avoid sanctions, and in the subsequent 12 months it has made further progress. The Task Force now says Russia has implemented "significant reforms" in its anti-money laundering system.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!