Iran Likely to Quit FATF Blacklist

Similar to other top-tier officials, deputy economy minister for banking affairs believes that Iran will be able to quit the Financial Action Task Force’s blacklist of high-risk countries.”We hope that in the next two to three months, Iran will be deemed by FATF to be in compliance, which would stop countermeasures altogether,” Hossein Qazavi also told IBENA. According to Qazavi, this will prepare the ground for facilitating ties between major international banks and their Iranian counterparts. In March, Central Bank of Iran Governor Valiollah Seif had also said, “We will achieve the standards required for membership” by May, when the intergovernmental organization takes up Iran’s case.