Economy, Business And Markets
0

‪Iran Traces Political Motives in FATF Decision - Exclusive

Finance Desk
The Financial Action Task Force has once again extended the suspension of active countermeasures against Iran in recognition of its efforts to remove its deficiencies concerning anti-money laundering and the combating of financing of terrorism regulations
Depending on Iran’s progress in completing its action plan, FATF will take further steps in June 2018.Depending on Iran’s progress in completing its action plan, FATF will take further steps in June 2018.

The Financial Action Task Force has recognized measures taken by Iran to address its deficiencies and decided to renew the suspension of countermeasures until its next meeting in a move seen by Iran as politically motivated as it expected better results.

The latest plenary meetings of the intergovernmental organization in charge of setting global standards on anti-money laundering and combating the financing of terrorism began a few days ago and it announced its outcomes on Friday, saying "depending upon Iran’s progress in completing its action plan, the FATF will take further steps in June 2018”.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com