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Iran: October deadline to get in line with AML norms

The Financial Action Taskforce (FATF), a Paris-based intergovernmental group that acts as a global watchdog for anti-money laundering (AML) and counter-terrorist financing (CFT), has again decided not to impose sanctions against Iran while still keeping the Islamic Republic on its list of “high risk” jurisdictions. However, the FATF has also said it expects Iran to be in full compliance with its standards by October. If Tehran fails to meet that deadline the FATF says it will decide on “appropriate and necessary actions” at that time.

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