Iran blacklisted by international financial watchdog

The Paris-based Financial Action Task Force (FATF) on Friday placed Iran on its blacklist for failing to comply with international anti-terrorism financial rules. The FATF, a 200-member intergovernmental body, sets standards and monitors implementation of anti-money laundering and counters financing of terrorism policies. Iran was said to have not done enough to criminalize terrorist financing, require transparency in wire transfers or freeze terrorist assets targeted by UN sanctions.  In consequence, the FATF will act to make trading with the Islamic Republic cumbersome to the point of deterring foreign banks and firms from doing business with Iran, leading to higher costs of borrowing and isolation from the global financial system. The EU will most likely have to end talks with the Islamic Republic about exploiting INSTEX as a trade vehicle for circumventing US sanctions. Iran joins North Korea as the only countries blacklisted by the FATF.

The new hit to Iran’s economy coincided with its general election. The closure of polling stations was postponed twice to stimulate the slow voter turnout.

 

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13 thoughts on “Iran blacklisted by international financial watchdog

  • Feb 22, 2020 @ 10:31 at 10:31
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  • Feb 22, 2020 @ 13:26 at 13:26
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    Global Economic Realignment just a few Nations away. Populations in Transitions as Taliban, Iran Shiia, Hizballah, Houthis, Hamas, & Iraqi Militia growing Old, Dying & being Ignored by Younger Generations Protesting more each day. Communists Nations Elites are now Capitalists as well. People Demanding Prosperity Over Poverty No Longer A Wish Or Dream!

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    • Feb 22, 2020 @ 14:24 at 14:24
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      Go easy with “capitalism” this is also a failure to be yet recognized.
      Don’t you see how is killing the planet with plastic and warming?

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  • Feb 22, 2020 @ 13:42 at 13:42
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    Ups, the blackshiited republic is now blacklisted!
    The politics of the ayatollahs are a total failure. This is beyond shame.
    AFTER ALL KHOMEINI IS DEAD, IT IS TIME FOR THE IRANIAN PEOPLE TO DEPART FROM HIS MALICIOUS WAYS

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    • Feb 22, 2020 @ 13:51 at 13:51
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      The days of national totalitarianism and terrorism and religious tyranny are over.
      Old beliefs of hate and violence are obsolete.
      Khamenei must be eliminated from the administration.

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      • Feb 22, 2020 @ 14:04 at 14:04
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        in place of “eliminated” you should better go with “extirpated”, this is the term in use for tumors.

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        • Feb 22, 2020 @ 14:18 at 14:18
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          The whole Iranian regime is a cancer.

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