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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.)

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06/20/2018
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