25 June 2017 - 11:20

FATF’s Recent Decision Guarantees Banking Ties with Iran: Envoy

Iran’s ambassador to Britain said recent decision by the Financial Action Task Force (FATF), to continue the suspension of anti-Iran sanctions would guarantee the country’s banking ties with foreign countries.
News ID : 71528
بعیدی نژاد

Hamid Baeedinejad in a post on his account in Instagram pointed to the FATF’s meeting in Spain on Friday, saying that the members of the international organization appreciated Iran for its effective financial measures to counter money laundering and combat financing of terrorism



 FATF the policy-making body of the international financial system, on Friday suspended restrictions against Iran for the second consecutive year.



With this decision, the major economies of the world ensured the possibility of developing their banking and financial relations with Iran, which was one of the main goals of the 2015 nuclear agreement between Tehran and six world powers, the diplomat said.



He noted that FATF decision was taken while some hardliners in the US had called on the country’s president, Donald Trump, to prevent the suspension of restrictions against Iran.



The U.S finally acceded to the decision under the pressure of European countries, Iran Ambassador to Britain added.


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