Adopting the Palermo and CFT treaties of the Financial Action Task Force (FATF) will help Iran prove that it does not cooperate with money laundering and terrorist financing, Iran's Government Spokeswoman says.

Why It Matters:

Normally, Iran's fully joining the FATF agreement would make transparent the country's financial relations with the world, easing Iranian banks transactions with global financial institutions, and nullifying any pretext to impose more sanctions. 

 

What She Is Saying:

Fatemeh Mohajerani says Iran opposes the inhumane actions of terrorist groups such as Boko Haram and emphasizes that it does not provide any support to such groups.

 

State of Play:

Iran is debating joining FATF. While some officials see it as a way that may lead to easing the West's sanctions, others warn about potential foreign interference. The Expediency Council is reviewing related bills. 

 

Go Deeper: 

Iran's experience shows that the US and the West often fail to honor agreements. This is evident from the US withdrawing from the JCPOA in 2018 and extending the Damato sanctions law for 10 years right after the agreement was signed in 2015.


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Mohammad Kazemi