Baku, Azerbaijan, Oct. 14
By Elnur Baghishov – Trend:
Financial Action Task Force on Money Laundering (FATF) has an exceptional role for Iran's economic development and trade growth, Iranian Minister of Roads and Urban Development Abbas Akhoundi said at the meeting of board of governors in Garmsar city, IRNA reported.
“Economic conditions in the country are very difficult,” he said. “The purposeful programs are required. The potential of FATF should be used for the development of trade.
The fact that Iran does not join FATF means imposing of an embargo for the country.
Last week, the Iranian Parliament approved a bill on the country’s accession to Combating the Financing of Terrorism (CFT) treaty –a series of standards set by the FATF.
FATF rules still need to be endorsed by Iran’s Guardian Council to be implemented.