FATF removes Ukraine from gray list.

By bne IntelliNews November 1, 2011
The Financial Action Task Force on Money Laundering (FATF) has removed Ukraine from its so-called "gray list", announced Presidential Administration's first deputy head Iryna Akymova. According to her, this decision indicated a growing confidence in Ukraine and that Ukraine is fulfilling its commitments. Moreover, she added that this decision is important in the context of the fact that the FATF will review its standards in 2012 and therefore it would have been even more difficult to secure removal of Ukraine from this list in 2012. In 2007, the FATF moved Ukraine to the second group (the so-called "gray list"). In addition to Ukraine, the second group included Azerbaijan, Antigua and Barbuda, Bolivia, Greece, Indonesia, Jordan, Kenya, Morocco, Myanmar, Nepal, Nigeria, Paraguay, Syria, Thailand, Turkey, Trinidad and Tobago, and Sri Lanka.

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