Tag Archives | Financial Action Task Force (FATF)

FATF Gives Iran until October to Complete ‘Reforms’

The Financial Action Task Force (FATF) said 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. “The FATF is disappointed with Iran’s failure to implement its action plan to address its significant AML/CFT deficiencies,” the organization said […]

FATF Extends Suspension of Counter-Measures against Iran

The Financial Action Task Force (FATF) has decided that Iran should not be added to its blacklist. The organisation, which is charged with taking action against money laundering and combating the financing of terrorism, said “given that Iran has draft legislation currently before Parliament, the FATF decided at its meeting this week to continue the […]

World Financial Watchdog keeps Punting on Iran

By Barbara Slavin for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The world’s financial watchdog is poised to continue suspending punitive measures against Iran for six more months to avoid creating a new crisis at a time of political fragility inside the country and uncertainty over the […]

Europeans press FATF to extend Iran Sanctions Reprieve

By Barbara Slavin for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Europeans press Terror-Finance Watchdog to extend Iran Sanctions Reprieve A powerful financial watchdog group meeting in Valencia, Spain, this week will take actions that could bolster the Iran nuclear deal — or put it in […]

FATF’s Decision Guarantees Banking Ties with Iran

Iran’s ambassador to Britain said a recent decision by the Financial Action Task Force (FATF), the policy-making body of the international financial system, to continue the suspension of anti-Iran sanctions would guarantee the country’s banking ties with foreign countries. In a post on social media, Hamid Baeedinejad pointed to the FATF’s meeting in Spain on […]

What’s on Rouhani’s second-term Economic Agenda?

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Hassan Rouhani’s re-election on May 19 is welcome wind in the sail of the moderate political forces in Iran. The sharp rise in the index of the Tehran Stock Exchange can also be seen […]

Financial Watchdog Worries Iranian Hard-liners

By Saheb Sadeghi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The Iranian government’s efforts to get off the Financial Action Task Force (FATF) blacklist is spurring attacks against President Hassan Rouhani by primarily conservative forces. Given the agreement to adhere to FATF guidelines, critics […]

Can Rouhani reel in the IRGC’s Financial Empire?

By Bijan Khajehpour, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. For months, Iran’s hardliners have used the term “JCPOA” — the Joint Comprehensive Plan of Action — to undermine the credibility of President Hassan Rouhani’s administration. Over the past couple of weeks, they have […]

Govt. Spokesman: No Oil Co. Subject to Banking Sanctions

Government spokesman Mohammad-Baqer Nobakht says no oil contractor and company in Iran is subject to sanctions by Iranian banks presently. Addressing a press conference, Nobakht said Iran does not recognize unjust sanctions. Nobakht said government of Iran does not recognize any of the sanctions issued by the ill-wishers against Iranian nation. “If a real or […]

Top Iranian Banks dragged into Political Row

By John Lee. Bloomberg reports that several of Iran’s biggest banks have been dragged into a fight between the government and its hardline opponents, as disputes over last year’s nuclear deal roil domestic politics months ahead of presidential elections. The nation’s leading conservative newspaper published photos of letters purportedly sent by two lenders, Bank Mellat […]

FATF Deal “Against Iran’s National Security”

A senior Iranian lawmaker warned that an agreement between the Islamic Republic and the Financial Action Task Force (FATF), the policy-making body of the international financial system, threatens the country’s national security. Speaking to the Tasnim News Agency, Mohammad Javad Jamali, a member of the presiding board of the parliament’s National Security and Foreign Policy […]

National Security Concerns Force Iran to Reconsider FATF Deal

Iran is going to think again about engagement with the Financial Action Task Force (FATF), the policy-making body of the international financial system, following concerns that an agreement with the watchdog could risk Iran’s national interests. In the wake of media uproar surrounding Iran’s cooperation with the FATF and announcement of the parliament’s decision to […]

Why Iran should come off Financial Watchdog’s Blacklist

By Saam Borhani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Among the myriad threats to the Joint Comprehensive Plan of Action, front and center is the inability of just about anyone to convince the world’s largest banks to facilitate transactions between Iran and foreign companies. […]

US officials Explain Iran Policy but fail to Persuade

By Barbara Slavin, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. US officials circle globe to explain Iran policy but fail to persuade Since a landmark nuclear deal went into effect in January, US officials have conducted roundtables with banking officials in more than 15 […]