FATF extends period for Iran to ratify its conventions
By Trend
FATF (Financial Action Task Force) has warned Iran that it has for the last time extended the period for the country to ratify the FATF conventions, said Iranian Minister of Economic Affairs and Finance Farhad Dejpasand, Trend reports referring to Mehr news agency.
Iran should ratify the FATF conventions within four months, Dejpasand said.
“Of course, if the projects aren’t approved within four months, Iran will be automatically blacklisted,” the minister noted, adding that it is very difficult to get out of the black list.
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.
Dejpasand expressed hope that the other two FATF conventions will be ratified in Iran.
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