Global Watchdog Places Iran on Terrorism Financing Blacklist

February 21, 2020

Author: 

John Irish and Leigh Thomas

Publication: 

Reuters

The Financial Action Task Force (FATF) placed Iran on its blacklist for failing to adopt terrorist financing conventions, calling on members to apply counter-measures against the country. Banks and companies still doing business with Iran will heighten scrutiny of their transactions, further isolating Iran from international markets and making it more difficult to attract investors. Some Iranian leaders advocated for Tehran to adopt the conventions to facilitate trade with foreign partners, while conservatives opposed the provisions as limitations on the country’s cooperation with allies like Hezbollah.