Business And Markets

Government Struggling for Compatibility With FATF

Government Struggling for Compatibility With FATFGovernment Struggling for Compatibility With FATF

The government in a statement on Wednesday called for removing obstacles to joining regulations mandated by the Financial Action Task Force. 
In a meeting in Tehran, the Cabinet urged the top legislative bodies to ratify the two remaining bills demanded by the global anti-money laundering body based in Paris. 
“The government strongly believes that obstacles to passing the two bills should be removed in order to deprive the hostile powers of excuses,” the Cabinet statement published on said. 
This was the first official response of the government to a decision by the FATF last Friday to put Iran on its blacklist after the highest legislative body refused to approve the two remaining bills.


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