Some of demands by the Financial Action Task Force (FATF), the global anti-money laundering watchdog, have been implemented, a senior official said Wednesday.
The Expediency Council (EC) is again reviewing the Palermo (United Nations Convention Against Transnational Organized Crime) and CFT (Combating the Financing of Terrorism) Conventions, the head of the Economy Ministry’s Financial Intelligence Unit (FIU) said.
“We are trying to improve the transparency of financial transactions to eliminate hurdles that our economic entities are grappling with” Hadi Khani was quoted by IBENA as saying.
With the Expediency Council ratifying the Palermo Convention and CFT, the conditions will be created for Iran’s exit from the FATF blacklist, Khani said.