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News and opinion on the banking and finance sectors domestically and abroad. It includes national-level policy-making, the Central Bank of Iran, the stock exchange, as well as private actors in the field.

INSTEX Director in Tehran for Talks on Iran-EU Trade

INSTEX Director in Tehran for Talks on Iran-EU Trade

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.

‘Iran’s Trade with World to Get More Difficult without FATF’

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.
FATF

FATF Accession Key to Surviving US Sanctions: Iran

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.
FATF

Guardian Council Says Not Worried about Plebiscite on FATF Accession

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).

‘EU Seeks to Gain More Concessions from Iran via INSTEX’

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.
FATF

Iran Says FATF Extended Its Deadline to Avoid ‘Deadlock’

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.
FATF

FATF Extends Iran’s Deadline by June

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.

Rouhani Gov’t Denies Rumours It’s Behind Currency Hikes

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.

INSTEX Implementation Not Possible without FATF: Germany

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.
FATF

Iran Expediency Council Postpones Voting on Palermo Bill

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.

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