The head of Europe's Instrument in Support of Trade Exchanges (INSTEX) with Iran is in Tehran to discuss how to put the special mechanism into force.
Iranian Foreign Ministry Spokesman Bahram Qassemi says adoption of the standards set by the Financial Action Task Force (FATF) is not expected to remove all economic problems of Iran but failing to adopt them will hamper the country’s trade exchange with the outside world.
If the Islamic Republic is to continue its trade exchanges with the outside world amid the harsh sanctions imposed on the country, it needs some specific work tools, one of which is the Financial Action Task Force (FATF), says Hossein Gharibi, an assistant to Iran’s foreign minister.
Iran's Guardian Council Spokesman Abbas Kadkhodaei says the council is not afraid of any referendum on Iran’s adoption of Palermo Convention and the Convention against Financing of Terrorism (CFT).
There are indications that Europe does not really intend to ease the pressure of Washington’s sanctions on Iran despite establishing a special purpose vehicle named INSTEX, a conservative Iranian daily has argued.
Iran’s nuclear chief says the Financial Action Task Force’s extension of its anti-Iran measures shows the global anti-money laundering body doesn’t want to create a “deadlock” in its relations with Iran.
The global anti-money laundering body, the Financial Action Task Force (FATF), on Friday gave Iran until June to come into compliance with anti-terror financial measures or said it will face tougher financial oversight.
The Iranian president's chief of staff has rejected rumours that this week’s hike in the value of foreign currencies in Iranian markets was planned by the government as part of efforts to meet FATF guidelines, saying the government would not “play games” with people’s livelihood.
The German ambassador to Tehran has denied the allegation that the European Union has set conditions for implementing its special purpose vehicle for trade with Iran, but at the same time noted that European banks would not work with Tehran if the country fails to adopt the FATF standards.
Iran’s Expediency Council was once failed to reach a consensus over a parliamentary bill on Iran’s accession to the United Nations Convention against Transnational Organized Crime, as members have postponed voting on the FATF-related bill.