67074
FATF Extends Suspension of Iran Restrictions
FATF Extends Suspension of Iran Restrictions

FATF Extends Suspension of Iran Restrictions

FATF Extends Suspension of Iran Restrictions

The Financial Action Task Force has decided to continue the suspension of counter-measures against Iran, “in light of Iran’s demonstration of its political commitment and the relevant steps it has taken in line with its Action Plan.”

“Iran will remain on the FATF Public Statement until the full Action Plan has been completed, until Iran implements the measures required to address the deficiencies identified in the Action Plan,” FATF said in a press release published on its website Friday following its plenary week from 18-23 June in Madrid.

The body said that that it will keep monitoring progress in the implementation of the Action Plan and consider next step. 

“The FATF urges Iran to fully address its AML/CFT deficiencies,” reads the statement. 

Last June, the organization also welcomed measures by Tehran to upgrade its status and ruled that active countermeasures against the country would be suspended, giving it one year to make reforms. 

Short URL : https://goo.gl/6DKbgb
  1. https://goo.gl/VN1qNt
  • https://goo.gl/HqTcpA
  • https://goo.gl/E2sGLt
  • https://goo.gl/ASTfQo
  • https://goo.gl/P5V3VR

You can also read ...

Forex Rates Tumble
The Central Bank of Iran’s measures, namely to issue...
Iran to Send More Flour to Iraq via Russia Wheat Deal
Iran is negotiating a wheat import deal with Russia that would...
Gov’t Earned 150% More From Tax Than Oil Last Fiscal
The government earned 150% more from tax than from oil in the...
$660m Allocated to Modernize Irrigation Systems
The government has allocated 31.17 trillion rials ($660...
Iran’s currency had lost a quarter of its value in six months, sliding to a record low of 49,000 last week.
Governor of the Central Bank of Iran Valiollah Seif defended...
Lawmakers expressed concerns that the government is becoming increasingly dependent on raising money by issuing debt to cover widening budget deficits.
The government has issued over 300 trillion rials ($6.4...
24 New Foreign Traders in Iran’s Capital Market
The Central Securities Depository of Iran issued 24 trading...
Mineral Water Exports Hit $25m
More than 21,000 tons of mineral water worth $25 million were...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus