Feb 21, 2020 19:04 Asia/Tehran [Updated: May 28, 2020 22:39 Asia/Tehran]
  • Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati
    Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati

Tehran (IP) - Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati emphasized that the Financial Action Task Force's (FATF) decision will not pose a problem for Iran's foreign trade and exchange rate stability.

Iran Press/Iran news: Hemmati wrote in a note on his page on Instagram, "Again, the US and the occupying regime's hostility to the Iranian people was exposed in the framework of opposing to FATF experts' recommendation on steps Iran has taken to fulfill its commitments to combat with the financing terrorism and money laundering."

The Financial Action Task Force (FATF) has placed Iran on its blacklist on Friday after European countries decided to join Washington in its ‘Maximum Pressure’ campaign against Tehran.

Hemmati said this political and non-technical behavior has continued from the summer of 2016 to date: "Sometimes in the form of non-technical excuses during the FATF debates by the US envoy and its allies and sometimes in attempts to disrupt expert reports."

Hemmati added that it is while in all the statements of the Financial Action Task Force were clear that our country had taken great steps in that direction.

"Our dear people are well aware that during this tough period of outrageous sanctions and the maximum pressure, our monetary and financial system has been able to establish unsanctionable links with the world monetary and financial system outside the FATF framework, largely contain the threats posed by the FATF due to US' obstruction and hostility, the chairman of CBI said.

Hemmati added that the central bank, along with other sectors of the economy, will continue to meet the business needs of the country without interruption.

He said: "The performance of the central bank over the past year has reassured our dear people that such events will not create problems for Iran's foreign trade and exchange rate stability."

The US regime has already reinstated all the sanctions that were eased under the 2015 nuclear deal after it unilaterally withdrew from the agreement in 2018.

On Feb 16, Iran's Deputy Foreign Minister Seyyed Abbas Araghchi said that Iran's enemies know that the sanctions are useless and ineffective, referring to US cruel sanctions against the Iranian people.

Foreign Minister Mohammad Javad Zarif said earlier this week that the United States is using its maximum pressure campaign to exert influence at the FATF.

The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions.

The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.

In October 2018, Iran's parliament approved four bills put forward by the government to meet standards set by the FATF. Only two of them have so far gone into effect and the fate of the two others, one on Iran’s accession to the United Nations Convention against Transnational Organized Crime and the other one a bill amending Iran’s Combating the Financing of Terrorism (CFT) law, is still in limbo.

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