Iran Chamber of Commerce, Industries, Mines and Agriculture, the country's largest private sector group, has emphasized the necessity of Iran joining the inter-governmental Financial Action Task Force.
In a statement announced by ICCIMA at the latest gathering of its Board of Representatives on Sunday, businesspeople warned that if Iran fails to comply with 40 recommendations made by the Anti-Money Laundering body, the country's financial isolation would become certain.
The statement added that by joining FATF, Iran would send a signal that engagement in financial transactions with Iran by other countries would be safe.
August 19, 2018 20:16
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Iran Chamber of Commerce Urges FATF Compliance
In a statement announced by ICCIMA at the latest gathering of its Board of Representatives on Sunday, businesspeople warned that if Iran fails to comply with 40 recommendations made by the Anti-Money Laundering body, the country’s financial isolation wou
As for consequences of inaction, ICCIMA said not complying with FATF would mean isolation for other countries, but the effect for Iran would intensify because the Iranian economy is facing abnormal conditions
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