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Iran: Failure to loosen FATF shackles

Tehran again failed to persuade the Financial Action Taskforce (FATF) to take it off its list of “high risk” jurisdictions, at the organisation’s plenary session in Paris on 21-23 February. However, the organisation – an inter-governmental body which monitors anti-money laundering and anti-terrorism financing efforts – decided to continue suspending countermeasures against Iran while the Islamic Republic works on reforms to its financial sector.

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