Baku, Azerbaijan, Sept. 2
By Elnur Baghishov – Trend:
Iran’s joining the conventions of Financial Action Task Force (FATF) is a purely economic issue and not a political one at all, said Hojatollah Mehdian, executive director of the Cooperative Development Bank of Iran, Trend reports referring to ILNA.
He said that most Iranian economic experts and bank executives hope that FATF projects will be approved soon.
He added that by doing this, Iran will coordinate with the world’s financial markets.
Although two of the FATF conventions condemning money laundering, terrorism financing have been ratified in Iran, two conventions (Palermo and CFT) have not yet been ratified.