The Financial Action Task Force  (FATF) said it will continue the suspension of active countermeasures against Iran until October 2019.

Iran Press/Europe: It said on Friday that it was for now keeping counter-measures against Iran suspended with the exception for a call to all countries to increase supervisory examination of Iranian banks' branches and subsidiaries, Reuters reported.

If by October Iran had not met international norms, the FATF said it would require scrutiny of transactions with Iran and tougher external audits of financial firms operating in Iran.

On Feb 24, the Financial Action Task Force in its meeting in Paris recognized measures taken by Iran in line with addressing its deficiencies and has decided to continue the suspension of active countermeasures until its next meeting.

In June 2016, the FATF welcomed Iran’s high-level political commitment to address its strategic AML/CFT deficiencies and suspended countermeasures for a year.

Given Iran's steps in the year after, the organization decided in November 2017 to continue the suspension of countermeasures. 

However, Iran's deadline to fulfil its action plan with the FATF passed on 31 January with a number of items remaining incomplete. Therefore, the organization has now suspended countermeasures once more, advising Iran to fully address its remaining items. 208/211/101

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