FATF Keeps Iran on Blacklist

The global anti-money laundering watchdog, the Financial Action Task Force (FATF), will maintain Iran's position on its blacklist until the country completes its full Action Plan.

"If Iran ratifies the Palermo and Terrorist Financing Conventions, in line with the FATF standards, the FATF will decide on next steps, including whether to suspend countermeasures.

Until Iran implements the measures required to address the deficiencies identified with respect to countering terrorism-financing in the Action Plan, the FATF will remain concerned with the terrorist financing risk emanating from Iran and the threat this poses to the international financial system," the international body said in a press release published on its website Friday.