...

Iran's banking problem to continues if FATF related bills not approved - CBI

Business Materials 9 April 2021 17:03 (UTC +04:00)
Iran's banking problem to continues if FATF related bills not approved - CBI

TEHRAN, Iran, Apr.9

Trend:

Removal of Iran from the FATF blacklist would depend on the approval of the Financial Action Task Force (FATF) related bills, said the Governor of the Central Bank of Iran.

"The FATF is a necessary part of banking activities and if the FATF-related bills are not approved especially during times that sanctions are being lifted then there would be problems in banking exchanges," said Abdolnaser Hematti, Trend reports citing IRNA.

"Our control in fighting money laundering has increased five-time compare to last Iranian year (started March 20, 2020)," he said.

"In the near future, I would provide good news about controlling money laundering, the Central Bank of Iran is monitoring transactions of networks and individuals to confront money laundering and gambling," he noted.

In February 2020, the Paris-based Financial Action Task Force (FATF) said Iran would remain on its blacklist, calling on its member states to sanction Tehran.

The intergovernmental organization had demanded Iran to approve anti-terrorism legislation by February or it would remain on its blacklist.

Iran's Supreme Leader Ayatollah Ali Khamenei has ordered the re-evaluation of FATF-related bills by the Expediency Council of Iran in December 2020 that has not reached a decision yet.

Tags:
Latest

Latest