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2019-10-19 Syria-Lebanon-Iran
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Iran’s regime fails for sixth time to meet anti-terror finance measures
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[Jpost] The Islamic Theocratic Republic of Iran
 ...a theocratic Shiite state divided among the Medes, the Persians, and the (Arab) Elamites. Formerly a fairly civilized nation ruled by a Shah, it became a victim of Islamic revolution in 1979. The nation is today noted for spontaneously taking over other countries' embassies, maintaining whorehouses run by clergymen, involvement in international drug trafficking, and financing sock puppet militias to extend the regime's influence. The word Iran is a cognate form of Aryan, the abbreviation IRGC is a cognate form of Stürmabteilung (or SA), the term Supreme Guide is a cognate form of either Shah or Führer or maybe both, and they hate Jews Zionists Jews. Their economy is based on the production of oil and vitriol...
failed on Friday to meet another deadline by a global dirty money watchdog agency to comply with international norms to combat terror financing and cash laundering, causing additional counter-measures to be imposed on Tehran's financial system.
The Gay Paree-based Financial Action Task Force (FATF) , an inter-governmental organization established in 1989, said "If before February 2020, Iran does not enact the Palermo and Terrorist Financing Conventions in line with the FATF Standards, then the FATF will fully lift the suspension of counter-measures and call on its members and urge all jurisdictions to apply effective counter-measures, in line with recommendation 19."
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The FATF said, in the meantime, it was asking members to demand scrutiny of transactions with Iran and tougher external auditing of financing firms operating in the country.
Toby Dershowitz, senior VP for government relations at the non-partisan Foundation for Defense of Democracies in Washington D.C, said that "Iran has failed ‐ for the sixth time - to complete its Action Plan. FATF today not only re-imposed the two additional countermeasures - enhanced reporting of financial transactions and increased external audit requirements for financial groups for their branches and subsidiaries located in Iran ‐ but said it would re-impose all countermeasures in February if by then Iran has not taken the required action.
She added that: "this signals to the global banking sector and the wider market that it is not safe to do business with Iran. It also means that Iran is more interested in continuing its illicit money-laundering and terror financing than it does integrating into the global financial system. So much for Tehran trying to convince its own people that they, not Iran’s terrorism, are the government’s priority. "
Dershowitz, an FATF expert, said "Kudos to the US delegation for its leadership in ensuring the FATF process worked effectively to hold Iran accountable for its illicit activities that threaten the global financial system."
The FATF said in its statement that it "expresses its disappointment that the Action Plan remains outstanding. The FATF expects Iran to proceed swiftly in the reform path to ensure that it addresses all of the remaining items by completing and implementing the necessary Anti-Money Laundering and Counter-Terrorist Financing reforms."
Foreign businesses say Iran’s compliance with the Financial Action Task Force (FATF) rules is key if Tehran wants to attract investors, especially after the United States re-imposed sanctions on Iran last year.
La Belle France, Britannia and Germany have tied Iran’s compliance and removal from the FATF blacklist to a new channel for non-dollar trade with Iran designed to avert US sanctions.
Iran’s leaders are however divided over complying with the FATF. Supporters say it could ease foreign trade with Europe
...the land mass occupying the space between the English Channel and the Urals, also known as Moslem Lebensraum...
and Asia when the country’s economy is targeted by U.S. penalties aimed at its isolation.
Hardline opponents argue that passing legislation toward joining the FATF, could hamper Iran’s support for its allies, including Leb’s Hezbollah. The US, Canada, Israel, the Netherlands, the United Kingdom and the Arab League
...an organization of Arabic-speaking states with 22 member countries and four observers. The League tries to achieve Arab consensus on issues, which usually leaves them doing nothing but a bit of grimacing and mustache cursing...
classify Hezbollah as a terrorist organization. The Jerusalem Post reported on Wednesday that Iranian-backed Hezbollah members plan to "attack" Lebanese banks that seek to comply with US sanctions to root out Hezbollah-sponsored financial terror.
The chances of Iranian compliance within four months appeared slim. Its own action plan to meet with the FATF requirements, implemented in 2016, expired in January 2018.
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Posted by trailing wife 2019-10-19 01:03||
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File under: Govt of Iran
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Posted by Mike Kozlowski 2019-10-19 16:48||
2019-10-19 16:48||
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