IFP Exclusive

Center at Iran’s Economy Ministry says no plans to join FATF

A center at Iran’s Ministry of Economic Affairs and Finance says there are no plans for the country to join the Financial Action Task Force, or FATF, the global organization that fights money laundering.

The Public Relations Office at the Center for Financial Information said on Thursday that no plans were currently under consideration to joint FATF.

It said the Ministry of Economic Affairs and Finance and the Center for Financial Information were fully monitoring the implementation of rules and regulations governing the fight against money laundering and the financial sponsorship of terrorism and “membership in FATF is by no means central to the activities of” the incumbent President Ebrahim Raisi administration.

“In international interactions, the development of relations with friendly and likeminded countries in the fight against money laundering and the financial sponsorship of terrorism is on the agenda, and even that within the framework of the code of practice ratified by the Supreme National Security Council,” the office said.

As of June 2022, Iran, along with North Korea and Myanmar, was on the FATF’s blacklist, officially known as the “Call for Action.” The global organization says Iran is sponsoring “terrorist” groups by supporting resistance groups such as Hamas in the Gaza Strip and Hezbollah in Lebanon.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Israeli Parliament passes law to deport families of Palestinians involved in attacks against settlers

The Knesset (Israel’s parliament) passed a new controversial law Thursday that allows the deportation of…

10 hours ago

Trump’s team seeks postponing Ukraine’s NATO membership for at least 2 decades: Report

One idea within US President-elect Donald Trump's team for ending Russia's war involves delaying Ukraine's…

10 hours ago

Ex-Iranian MP: Trump’s election similar to Taliban return to power

A former Iranian Parliament member likened Donald Trump re-election as the US president to the…

13 hours ago

Iranian analyst deplores failure to restore JCPOA following Trump re-election

A veteran Iranian journalist and political analyst says Iran had almost four years since US…

15 hours ago

Biden rushing to deliver billions in remaining aid to Ukraine ahead of Trump’s inauguration

The administration of Joe Biden is planning to rush the delivery of the remaining $6…

15 hours ago

Ayatollah Khamenei: Resistance will definitely emerge victorious

The Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei has paid tribute to the…

16 hours ago