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Central Bank of Iran Makes Case for Joining FATF

Abdolnasser Hemmati says banks in FATF-member states have accepted requirements mandated by the task force. “If they observe the rules (and we do not), it would be natural that we (would) have problems interacting with them”
Central Bank of Iran Makes Case for Joining FATF Central Bank of Iran Makes Case for Joining FATF

The central bank governor says Iran’s key trading partners have sent notice to the effect that Iran’s inclusion in the Financial Action Task Force’s blacklist would have dire consequences. 
Speaking on the sidelines of a Cabinet meeting in Tehran on Wednesday, Abdolnasser Hemmati said countries like China and Russia, with which Iran has close political and economic ties, have said “if Iran is put on the FATF blacklist, it would have a negative impact on two-way  banking relations.” 
Cognizant of their concerns, Hemmati said banks in FATF member countries have accepted requirements mandated by the task force. “If they observe the rules (and we do not), it would be natural that we (would) have problems interacting with them”.
One reporter asked the senior banker if there is any guarantee that Iran’s economic conditions would not be undermined by embracing FATF protocols. 
Hemmati responded by posing a counter question. 

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