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FATF Urged to Consider Iran’s Legislative Process Before Any Decision

FATF Urged to Consider Iran’s Legislative Process Before Any Decision FATF Urged to Consider Iran’s Legislative Process Before Any Decision

The Financial Action Task Force, which is in charge of monitoring money laundering and other financial malpractices worldwide, should take into account Iran’s exhaustive lawmaking process before placing it back on a blacklist, a parliamentarian said. 
The government has prepared four bills to bring the country into line with the FATF standards. 
The ones that contain articles on the global norms of countering the financing of terrorism and transnational organized crime are yet to receive the final approval. 
FATF had set a deadline of October last year for Iran to complete the legal reforms to bring itself in line with its guidelines, which it later extended until February. 

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