The Organization for Economic Cooperation and Development said Friday that its Financial Action Task Force has decided to lift sanctions imposed on Ukraine
nctions imposed on Ukraine in December because of its lax money laundering laws.
“FATF members have decided to withdraw the application of additional countermeasures with respect to Ukraine as a result of the recent enactment by Ukraine of comprehensive anti-money laundering legislation that addresses the main deficiencies identified by the FATF in 2001 and reaffirmed in December 2002,” the agency said in a statement.
“This is a significant success for the FATF and Ukraine in the fight against money laundering,” said task force chairman Jochen Sanio.
