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Iran Committed to Tangible AML/CFT Measures

Finance Desk
Iran Committed to Tangible AML/CFT MeasuresIran Committed to Tangible AML/CFT Measures

The intergovernmental Financial Action Task Force convenes in Paris this week for its plenary meeting. Among other things, it will look into Iran's progress with the Action Plan, the anti-money laundering body says is necessary for Iran to fulfill if it wants to be removed from the list countries with money laundering and financing of terrorism risks.
The FATF decided at a meeting in October 2018 to continue the suspension of counter-measures against Iran, but said by February 2019 it expects Iran to pass legislation in line with FATF standards. Failing to do so, the FATF said, it will take further steps to protect against the risks emanating from deficiencies in Iran’s AML/CFT regime. Out of the four FATF bills, two have become law and the remaining two have hit a wall. 

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