FATF's Impartiality Test
Business And Markets
Wednesday, June 20, 2018

FATF's Impartiality Test

AML/CFT Expert

The deadline of the 18-month action plan prepared by the Financial Action Task Force for Iran ended in February 2018 and was extended for four months, in view of Iran's initiatives and fulfillment of commitments.

The extension was reflected by vested groups as an exceptional move. However, a quick glance at the names of countries which are listed or have managed to get delisted from FATF's list from 2016 to 2018 on FATF's website indicates that this has been a common procedure to help countries fulfill their commitments.

Some of these countries are as follows: (for some of these countries the reason is said to be the security situation; which apparently would not have been applied if Iran was in their position; the dates in parentheses indicate the time these countries made their political commitment.)


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/TZhfKT
  1. https://goo.gl/y2qVYU
  • https://goo.gl/r7zbJ9
  • https://goo.gl/NygK7b
  • https://goo.gl/3gCWTF
  • https://goo.gl/ge8cax

You can also read ...

Support for  Forex Measures
The head of Competition Council welcomed efforts made by the...
The looming crisis in the emerging markets, set off by the run on the Turkish lira, has had a more direct impact on the Iranian rial than anything the US has claimed.
Since the beginning of the fiscal 2018-19, the Iranian rial...
CBI: Currency Inflow Growing Steadily
Governor of the Central Bank of Iran said on Saturday that...
UK Firm: Progress Made With Iran Airport Contract
UK-based security solutions supplier Westminster Group said it...
Stocks Return From Holidays With Strong Gains
Tehran Stock Exchange’s main index gained 3,209.53 points or 2...
Home Loans Surge by 19%
Latest figures disclosed by Bank Maskan, the agent bank of...
Graduate Unemployment at 19.4%
The average unemployment rate for university graduates stood...
Liquidity Trend Bodes Ill for Bank Lending
A look at the balance sheets of Iranian banks and credit...

Add new comment