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FATF Plan Ratification an Opportunity for Iran

Two prominent pundits say the ratification of FATF’s action plan for Iran will lead to transparency and improved foreign ties, and express hope that the government will prevail over local lobbying forces
FATF Plan Ratification an Opportunity for IranFATF Plan Ratification an Opportunity for Iran
The ratification of FATF requirements by Iran would help prevent its complete isolation as it can boost the country’s financial dealings with countries that are unwilling to submit to US demands of cutting ties with Iran

Iran now has about four months to pass legal measures through parliament to would address shortcomings vis-à-vis the Financial Action Task Force’s action plan for the country, but reformists are sure to face stiff competition from hardline groups.
The intergovernmental group that monitors anti-money laundering (AML) and combating terrorism financing (CFT) progress worldwide on Friday said Iran has been given another opportunity until October to complete its action plan by addressing nine deficiencies. But the FATF statement also suggested that this might be the last such deadline extended to Iran, so what happens in the next few months will be crucial for the future of Iran’s foreign ties, especially since the US is set to reimpose sanctions.
Two reformist experts in Iran have spoken on why Iran needs to fight off internal resistance and implement FATF requirements and take this very seriously.

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