June 24, 2016
Publication:
Wall Street Journal
The Financial Action Task Force (FATF), an international body that monitors money laundering, kept Iran on its blacklist of high-risk countries but suspended some of its restrictions on Iran for one year. The move came in response to Iran's pledge to adopt a plan to address deficiencies in its anti-money laundering and counter-terrorist financing policies. If Iran fails to demonstrate progress on these issues at the end of one year, FAFT said it will reimpose the restrictions.
