Iran Stays on FATF Blacklist

Iran will remain on the Financial Action Task Force, the global anti-money laundering watchdog, blacklist until the full Action Plan has been completed. 
"If Iran ratifies the Palermo and Terrorist Financing Conventions, in line with the FATF standards, the FATF will decide on next steps, including whether to suspend countermeasures. 
Until Iran implements the measures required to address the deficiencies identified with respect to countering terrorism-financing in the Action Plan, the FATF will remain concerned with the terrorist financing risk emanating from Iran and the threat this poses to the international financial system," the international body said in a press release published on its website Friday.