Rouhani: FATF Blacklist Has Harmed Foreign Investment

Outgoing president, Hassan Rouhani, on Tuesday again called on top legislative bodies not to further delay finalization of the two remaining bills demand by the Financial Action Task Force, the global anti-money laundering watchdog.
Rouhani said non-compliance with FATF norms has cut off Iranian banks’ ties with international monetary institutions and created unwanted problems in accessing forex income.
“When there is no banking interaction with the world the result is lack of investment and capital. Mega economic projects cannot be implemented when there is no [foreign] investment,” he was quoted as saying by IRNA.
In February 2020, the FATF lifted the suspension of counter-measures on Iran and called on its members and all jurisdictions to apply effective counter-measures against Tehran.