European Commission proposes adding Russia to money laundering blacklist

The European Commission has officially proposed adding Russia to its blacklist of high-risk countries for money laundering and terrorist financing. This decision stems from an assessment by the Commission, which concluded Russia meets the criteria for being designated a high-risk third country. The move aims to enforce stricter checks by EU financial and non-financial operators dealing with Russian entities. The proposal will become official in one month unless the European Parliament or Council objects. This action follows media reports that the EU intended to add Russia to this list.