FATF Extends Suspension of Counter-Measures

The Financial Action Task Force, the global anti-money laundering watchdog, decided on Friday to continue the suspension of counter-measures against Iran until October. 
In a statement published on the FATF official website, the organization extended the suspension of anti-money laundering counter-measures, allowing Iran another four months to meet international standards against money-laundering and terror financing or face more international scrutiny. 
If by October Iran does not meet international norms, the FATF said it would require scrutiny of transactions with Iran and tougher external audits of financial firms operating in Iran.