ASD Senior Fellow Joshua Kirschenbaum and GWU’s Jennifer DeNardis discuss the recent Financial Action Task Force evaluation of Russia with the Program on Compliance and Enforcement at the NYU School of Law.
“Russia in recent years has been the most conspicuous source of illicit flows into European banks and the Western financial system. The Russian government weaponizes these opaque channels to export corruption, facilitate influence operations, and prop up the domestic patronage system. Despite a money laundering crackdown by the Central Bank of Russia (CBR), the country’s main financial supervisor, recent history poses serious questions about the effectiveness of the central bank, law enforcement agencies, and prosecutors in combating illicit financial activity.”