Financial Task Force Urges Members to Step Up Diligence on Iran
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Source: BFW (Bloomberg First Word)
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(Bloomberg) -- The Financial Action Task Force will keep Iran on its blacklist of high-risk countries but will suspend countermeasures in response to the country’s moves to introduce anti-money laundering and anti-terror finance measures.
- FATF is “concerned with the terrorist financing risk emanating from Iran and the threat this poses to the international financial system,” the organization said in an email.
- FATF urged countries to be on guard against North Korea, which is also on the same blacklist, and apply effective counter-measures and financial sanctions in accordance with UN Security Council resolutions, to protect their financial sectors from money laundering, financing of terrorism and WMD proliferation financing.
- NOTE: FATF, an inter-governmental body backed by the Paris-based Organization for Economic Cooperation and Development, reviews global compliance with terror financing laws.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Topics
First Word DC - Foreign Policy
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283