Why It Matters:
Iranian Deputy Minister of Finance's call for Iran to normalize its status with the Financial Action Task Force (FATF) highlights the critical need for the country to enhance its global economic standing. Delisting from the FATF blacklist could normally open doors for international trade and investment, which are vital for Iran's struggling economy.
Key Points:
- FATF represents a continuous challenge for all nations, particularly those on the gray list or designated as high-risk.
- It is incorrect to assume that FATF can treat countries in a manner contrary to its established guidelines.
- Ignoring FATF would be a strategic mistake.
- All countries, except North Korea, are wary of their reputations in dealings with Iranian entities.
- Countries like Iraq, Yemen, and Lebanon have successfully joined these conventions and are now on the FATF white list.
What They Are Saying:
- The Iranian Minister of Finance Abdolnaser Hemmati says Tehran is taking the necessary steps to suspend Financial Action Task Force (FATF) countermeasures and lift financial restrictions on the country based on Iran’s national interests.
- By advocating for FATF compliance, Deputy Minister of Finance Hadi Khani suggests that Iran can enhance its economic prospects and improve its standing in the global community.
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