Iran has until October to meet international standards against money-laundering and terror financing or face more international scrutiny, the global dirty money watchdog said on Friday but called on countries to keep closer tabs on Iranian banks.
The Financial Action Task Force said that it was for now keeping counter-measures against Iran suspended with the exception for a call to all countries to increase supervisory examination of Iranian banks’ branches and subsidiaries.
If by October Iran had not met international norms, the FATF said it would require scrutiny of transactions with Iran and tougher external audits of financial firms operating in Iran.
-
In bid to ease foreign trade, Iran approves anti-money laundering bill
A powerful Iranian council approved an anti-money laundering bill on Saturday, state media reported, a major step towards reforms that would bring ... Economy -
Internal power struggles erupt in Iran over money laundering, terror support
The internal power struggles in Iran have not stopped since 1979 Islamic Revolution that toppled the Shah’s regime and was monopolized by the ... Features -
Iran lets money exchange houses import foreign bills as rial sinks
Iran gave permission to money exchange offices on Saturday to start importing foreign currency banknotes, state media reported, in an apparent attempt ... Economy -
Iran anti-money laundering law faces challenge as deadline looms
A top Iranian constitutional body has demanded changes to anti-money laundering measures passed by parliament, state-run media said on Saturday, as ... Middle East