The Financial Action Task Force (FATF), a global financial crime watchdog, on Friday suspended Russia’s membership, saying Moscow’s war in Ukraine violated the organisation’s principles. The FATF is an inter-governmental organisation set up to combat money laundering and terrorism financing by setting global standards and checking if countries respect them. “This is the first time a member of FATF is suspended,” FATF President Raja Kumar told a news conference. “Russia is effectively sidelined f