MPs Solicit Leader’s Support For FATF

With the final call by the global anti-money laundering watchdog, the Financial Action Task Force, on Iran coming to a head, a group of MPs are preparing a letter to the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei, to convey their concerns about the consequences of non-compliance with FATF standards. 
The letter will outline the view of economic experts and stakeholders, said Shabeddin Bimeqdar, a lawmaker behind the rare correspondence. He said he is drafting the letter on behalf of a group of his colleagues, ISNA reported. 
Echoing the view of majority of business owners and market pundits, Bimeqdar said blacklisting by FATF means “the country will be locked up in its entirety and our bank offices overseas will be boycotted. Moreover, bank accounts of Iranians working [or studying] overseas will be invalidated.”