Russia's financial regulator, Rosfinmonitoring, maintains that its anti-money laundering system, including strengthened regulations for virtual currencies, is effective despite the potential blacklisting by the Financial Action Task Force (FATF). Rosfinmonitoring stated that concerns about virtual currency regulation have been addressed through new federal laws. The regulator emphasized that there are no significant deficiencies in the system that would warrant inclusion on the FATF blacklist. The potential blacklisting will be discussed during the FATF plenary session in October.



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