64640
Iran Expects FATF Clearance in June
Iran Expects FATF Clearance in June

Iran Expects FATF Clearance in June

Iran Expects FATF Clearance in June

What Iran has done so far to conform to international standards concerning anti-money-laundering and combating terrorism financing initiatives will be sufficient for the Financial Action Task Force to permanently terminate all countermeasures against the country, said a deputy economy minister.
"Iran expects that the decision made last June, based on which countermeasures against the country were suspended, would become permanent and that is what Iran asks for," Hossein Qazavi also told IBENA.
The intergovernmental FATF, which is the global standard-setting body for AML/CFT, kept Iran on its blacklist but welcomed Tehran's initiative to conform to international standards and called for a one-year suspension of restrictions.             

Noting that Iran has made considerable headways in embracing international standards, Qazavi said a full report of all regulations, policies and executive measures in Iran has been submitted to the member countries of FATF.
“Considering the strong arguments we made, FATF would likely be persuaded to remove countermeasures against Iran permanently,” he added.
Qazavi noted that the only thing standing in the way of such a decision would be “political issues and sabotage by a number of countries, namely the US”.
In March 2016, the Iranian Parliament adopted an AML/CFT law and declared its high-level political commitment to implementing an action plan.
Iranian authorities have requested an assessment by the International Monetary Fund on Iran’s compliance with the AML/CFT regime against the FATF standards, which will take place late 2018.
Qazavi, who hopes political agendas would not hinder the technical progression of affairs, said countermeasures against Iran “must surely be removed on the basis of technical facts” because the country has had the level of progress required by FATF standards within the framework devised by the organization.

Short URL : https://goo.gl/d926Ph
  1. https://goo.gl/WNBmlT
  • https://goo.gl/i7h0yn
  • https://goo.gl/1s8Ihy
  • https://goo.gl/hdbWTB
  • https://goo.gl/pl3L9I

You can also read ...

President Rouhani Officially Inaugurates Tabriz 2018
A glittering ceremony attended by President Hassan Rouhani was...
E-Jing GT electric sports car concept
The Beijing International Automotive Exhibition is a barometer...
Audi Recalling 1.16 Million Vehicles
Volkswagen AG’s luxury unit Audi said on Tuesday that it was...
Bank Branches Shrink
Iranian banks have shrunk by 0.3% in the previous quarter...
In its meeting on Tuesday, the Money and Credit Council, headed by CBI Governor Valiollah Seif, approved further cuts to interest rates levied on Housing Savings Account.
Iran's highest financial decision-making body has approved...
While Iran currently produces about 400,000 tons per year of aluminum, consumption is around 600,000 to 700,000 tons.
Iran is on track to launch a new aluminum smelter early next...
A host of high-level officials, including several ministers, CBI Governor Valiollah Seif and two deputies of President Hassan Rouhani were present at the meeting on April 25. 
Iran’s First Vice President Es’haq Jahangiri on Wednesday...
Pensions Account for Biggest Share of Treasury Payments
Payments to the Civil Servants Pension Organization accounted...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus