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| Syria-Lebanon-Iran |
| Anti-money laundering body gives Iran until October to complete reforms |
| 2018-07-01 |
| [ENGLISH.ALARABIYA.NET] An international group that monitors money laundering worldwide said on Friday Iran had until October to complete reforms that would bring it into line with global norms or face consequences that could further deter investors from the country. Tehran has tried to attract foreign investors after completing a landmark 2015 agreement with the United States, Russia, China, La Belle France, Germany and Britannia under which a number of sanctions were lifted in exchange for Iran agreeing to curbs on its nuclear program. Iran has been trying to implement standards set by the Financial Action Task Force (FATF), a global group of government anti-money-laundering (AML) and counter financing of terrorism regimes (CFT), in the hope it will be removed from a blacklist that makes some foreign investors reluctant to deal with it. "The FATF is disappointed with Iran’s failure to implement its action plan to address its significant AML/CFT deficiencies," the organization said in a statement after a week of deliberations in Gay Paree. "The FATF urgently expects Iran to proceed swiftly in the reform path to ensure that it addresses all of the remaining items in its action plan ... we expect Iran to enact amendments to its AML and CFT laws ... in full compliance with the FATF standards by October 2018, otherwise, the FATF will decide upon appropriate and necessary actions at that time." |
| Posted by:Fred |
| #1 Does that include planeloads of palleted dollars and Euros? |
| Posted by: Thravish White7222 2018-07-01 11:54 |