Financial Action Task Force - Public Statement - Iran

June 23, 2017

Publication: 

Financial Action Task Force

The Financial Action Task Force (FATF) announced its decision to continue suspending counter-measures against Iran as the country takes steps to address deficiencies related to money laundering and terrorism financing as part of a national Action Plan. However, the FATF still recommends that financial institutions exercise "enhanced due diligence" in business relationships and transactions with Iran because of the terrorist financing risk from Iran and the threat this poses to the international financial system.