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This is the best tl;dr I could make, original reduced by 69%. (I'm a bot)

> The Financial Action Task Force, a global financial crime watchdog, on Friday suspended Russia's membership, saying Moscow's war in Ukraine violated the organisation's principles.

> Ukraine, which has made repeated calls to exclude Russia from the organisation, welcomed the decision to suspend Russia but added that it would continue its push with FATF members to go further and get Russia blacklisted.

> "The Russian Federation remains accountable for its obligation to implement the FATF Standards. The Russian Federation must continue to meet its financial obligations," the FATF said.

Extended Summary | FAQ | Feedback | Top keywords: FATF^#1 Russia^#2 countries^#3 suspend^#4 organisation^#5

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More reasons not to deal with ordinary russians due to the high risk of a financial crime. I hope people who have left Russia can get a new nationality somewhere and cut ties with Russia.

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Russia's gov't has been a financial crime for decades.

To people not familiar: if FATF blacklists Russia, it effectively ends any financial transaction involving Russia and any other FATF member (ie most of the world). It's like every country sanctioning everything Russian all at once. Currently only North Korea and Iran are on that blacklist.