Joining FATF Crucial for Economic Betterment

Foreign Minister Mohammed Javad Zarif has once again reiterated the crucial role of implementing standards set by the global anti-money laundering watchdog in resolving economic challenges facing the country, a lawmaker said. 
“Mr. Zarif … underlined the importance of joining FATF and expressed hope that the Expediency Council would approve [the related bills] to help resolve economic problems,” Mehrdad Lahouti quoted the chief diplomat as saying during a meeting with members of a parliamentary faction on Sunday.
The legislation has long been demanded by the Paris-based Financial Action Task Force, which wants Iran to strengthen its legal framework to guard against money laundering and financing terrorism.