Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said that the decision to be taken by the Financial Action Task Force (FATF) on Iran's case in its February assembly meeting will not leave an impact on the country's foreign currency market.
Iranian Foreign Minister Mohammad Javad Zarif deplored a recent decision by the Financial Action Task Force (FATF), the global anti-money-laundering watchdog, to increase pressure on the Islamic Republic, describing it as a “politically-motivated” move.
The global money transaction watchdog, Financial Action Task Force (FATF), said in a statement on Friday it had given Iran a final deadline of February 2020 to tighten its rules against money laundering in compliance with the regulating body’s fiscal standards.
A delegation of the Asia-Pacific Group (APG) affiliate of the Financial Action Task Force (FATF), is not happy with Pakistan’s steps regarding proscribed organisations (POs) terming them as insufficient, local media reported.
Iran’s Foreign Ministry spokesman Bahram Qassemi said adoption of the standards set by the Financial Action Task Force (FATF) is not expected to remove all economic problems of Iran, but failing to adopt them will hamper the country’s trade exchange with the world.
A European Union blacklist of nations it considers as anti-money laundering and terrorism-financing threats risks undermining the work of the Financial Action Task Force, the body’s head said on Friday.