Baku 10° C
Iran enters FATF Blacklist
Finance
- 22 February, 2020
- 07:02
The Financial Action Task Force, the global anti-money laundering watchdog on Friday, put Iran on its blacklist after Tehran failed to comply with international anti-terrorism funding norms.
The action came after Iran failed to meet the deadline set by the watchdog at FATF’s last meeting in October to comply with standards fully.
According to the organization, Iran will remain on the FATF statement on [High-Risk Jurisdictions Subject to a Call for Action] until the full Action Plan has been completed.
The G7 (the United States, Japan, Germany, France, Great Britain, Italy, and Canada) created the FATF in 1989 to tackle money laundering.
Author
Latest News
00:02
Video
President Ilham Aliyev shared Novruz holiday post on his social media accounts
Foreign policy23:48
Jeyhun Bayramov meets Hakan Fidan in Riyadh
Foreign policy23:36
Turkish, Pakistani FMs meet in Riyadh
Region23:19
Photo
Felipe VI receives Zelenskyy in Madrid
Other countries23:05
Abbas Araghchi, Kaja Kallas discuss war's regional and global consequences
Region22:45
CENTCOM: US Armed Forces destroyed nearly 8,000 targets in Iran
Other countries22:40
US Federal Reserve leaves interest rates unchanged
Finance22:22
Slovakia allows setting higher fuel prices for foreigners
Other countries22:15