Iran wrestling with FATF legislation
Kourosh Ziabari - Asia Times: More than a year after the anti-money laundering and counter-terrorist financing watchdog Financial Action Task Force (FATF) blacklisted Iran as a “high-risk jurisdiction” subject to a call for action, debate on the ratification of FATF-related bills has been rekindled in Tehran. Reformists are blaming conservatives for stonewalling the normalization of the country’s banking and trade relations with the outside world – an issue that will indirectly factor in the June 18 presidential election where a conservative candidate will almost certainly win. Headquartered in Paris, FATF is an intergovernmental body set up by the G7 in 1989 to draw up binding regulations to combat money laundering. In...
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