FATF GIVES IRAN FEBRUARY DEADLINE TO MAKE REFORMS, OR FACE TOUGHER AML/CFT CONTROLS
October 1st, 2014
THE FINANCIAL Action Task Force (FATF) has warned Iran it faces tighter international scrutiny of its financial services and dealings, should it fail to criminalise terrorist financing and boost its suspicious transaction reporting (STR) requirements.In its latest assessment of jurisdictions failing to comply with FATF anti-money laundering and combating the financing of terrorism (AML/CFT) recommendations, the global AML body singled out the Islamic republic, giving Tehran until February (2015) to make reforms, or face the consequences.A formal statement said if ...
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