Iran welcomed Financial Action Task Force's (FATF) decision to extend the suspension of its counter-measures against Tehran as a diplomatic achievement against Washington’s efforts to restore Iran’s blacklist status.

Iran Press/Iran news: Iranian foreign ministry spokesman Bahram Ghasemi said in a statement on Friday that majority of the Financial Action Task Force's (FATF) members were not swayed by US, and some of its allies when voting on the continued suspension of anti-Iran measures.

According to Press TV, Ghasemi condemned the US delegation’s insistence that the body must end the suspension of anti-Iran measures, and described it as a result of Washington’s "radical and delusional policies."

Ghasemi also accused the US of trying to misuse its rotating presidency of the FATF to persuade other member states into blacklisting Iran yet again, with the help of Saudi Arabia and the Israeli regime.

“The US has shown it is not a trustworthy member of the international community and is seeking to destroy all achievements of multilateralism through its unilateral moves,” Ghasemi said, urging FATF member states to take this important consideration into account when making future decisions.

Also Iran’s ambassador in London Hamid Baeidinejad said Friday that FATF’s extension of suspending anti-Iran measures revealed that Iran's Parliament and other institutes’ strives for standardization of banking and financial regulations were deeply noticed by the world.

Iran’s Foreign Ministry has hailed a decision by FATF

After a meeting of its members, the Paris-based international watchdog (Financial Action Task Force) extend the suspension of its counter-measures against Tehran despite Washington’s efforts to get the Islamic Republic back into the body’s blacklist.

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FATF grants Iran more time to mull reforms

Earlier this month, the Iranian Parliament passed a bill on combating the financing of terrorism as part of the country's implementation of international standards set by the FATF.

Combating the Financing of Terrorism (CFT) involves investigating, analyzing, deterring and preventing sources of funding for terrorist activities. The CFT bill is one of four bills connected to The Financial Action Task Force (FATF).

The FATF is a non-government organization founded in 1989 to develop policies to tackle money laundering. In 2001, its mandate was expanded to include the fight against financing of terrorism.

 

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Financial Action Task Force (FATF)
Financial Action Task Force (FATF)