National
0

Need to Adopt FATF Guidelines to Pressure EU on SPV

Need to Adopt FATF Guidelines to Pressure EU on SPVNeed to Adopt FATF Guidelines to Pressure EU on SPV

Approving laws to enforce compliance with the standards of the Financial Action Task Force would enable Iran to exert more pressure on Europe to activate its proposed mechanism for continued trade with Iran in the face of United States’ sweeping sanctions, a foreign relations official said. 
“One could say this has become an excuse for Europeans to put off the financial system’s establishment,” Abdolreza Faraji, director general of Iran’s Strategic Council on Foreign Relations, said in an interview with ISNA on Friday. 
Iran is facing harsh sanctions that the US reimposed after withdrawing from the 2015 nuclear agreement, formally known as the Joint Comprehensive Plan of Action, last May. 

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