EghtesadOnline: 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.
EghtesadOnline: Expediency Council, the top body in charge of settling legislative disputes, has asked the government to provide it with documents to clarify ambiguities concerning requirements mandated by the Financial Action Task Force, the global anti-money laundering watchdog.
EghtesadOnline: The Expediency Council, the top legislation vetting body, in a statement confirmed that the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei has approved a government request to extend the deadline for discussions on the two remaining bills mandated by the global anti-money laundering body Financial Action Task Force.
EghtesadOnline: The Financial Action Task Force, the global dirty money watchdog, on Friday agreed to revamp its standards to beef up monitoring of financing aimed at evading US and United Nations sanctions and proliferating weapons of mass destruction, the US Treasury Department said.
EghtesadOnline: The government needs to continue efforts to pass the laws related to the standards of the Financial Action Task Force after the global watchdog placed Iran on its blacklist, an expert said.
EghtesadOnline: The Financial Action Task Force blacklist means significantly increasing the cost of doing business with the outside world, a senior member of the Tehran Chamber of Commerce, Industries, Mines and Agriculture said.
EghtesadOnline: To get out of the dreaded blacklist of the Financial Action Task Force, Iran does not need to start from scratch or pluck stars from the sky, says a former Iranian diplomat.
EghtesadOnline: Non-compliance with the requirements of the Financial Action Task Force could result in the closure of all Iranian bank accounts around the world, including individuals and embassies, an expert on international relations said, citing comments by officials in the Foreign Ministry’s Economic Department.
EghtesadOnline: Major currencies soared in Tehran on Tuesday amid new concerns among market participants about a decision by the Financial Action Task Force on Iran by the weekend.
EghtesadOnline: The Financial Action Task Force commenced a week of meetings on Sunday to discuss major issues regarding money-laundering across continents.