FATF
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FATF Keeps Iran on Blacklist
EghtesadOnline: The global anti-money laundering watchdog, the Financial Action Task Force (FATF), will maintain Iran's position on its blacklist until the country completes its full Action Plan.
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Expediency Council Seeks Gov't Clarity on FATF Requirements
EghtesadOnline: Expediency Council, the top body in charge of settling legislative disputes, has asked the government to provide it with documents to clarify ambiguities concerning requirements…
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EC Confirms Leader's Approval to Review 2 Remaining FATF Bills
EghtesadOnline: The Expediency Council, the top legislation vetting body, in a statement confirmed that the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei has approved a government…
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FATF Toughens AML Rules
EghtesadOnline: The Financial Action Task Force, the global dirty money watchdog, on Friday agreed to revamp its standards to beef up monitoring of financing aimed at evading US and United Nations…
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There Is a Way Out From FATF Blacklist
EghtesadOnline: To get out of the dreaded blacklist of the Financial Action Task Force, Iran does not need to start from scratch or pluck stars from the sky, says a former Iranian diplomat.
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Need for Continuing Efforts to Pass FATF Laws
EghtesadOnline: The government needs to continue efforts to pass the laws related to the standards of the Financial Action Task Force after the global watchdog placed Iran on its blacklist, an…
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FATF Blacklist Raises Cost of Foreign Trade
EghtesadOnline: The Financial Action Task Force blacklist means significantly increasing the cost of doing business with the outside world, a senior member of the Tehran Chamber of Commerce,…
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Expert Warns of Falling Foul of FATF Standards
EghtesadOnline: Non-compliance with the requirements of the Financial Action Task Force could result in the closure of all Iranian bank accounts around the world, including individuals and embassies,…
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Currency at New Low; Iran's CB Says Will Defend Rial
EghtesadOnline: Major currencies soared in Tehran on Tuesday amid new concerns among market participants about a decision by the Financial Action Task Force on Iran by the weekend.
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FATF Begins 6-Day Meeting
EghtesadOnline: The Financial Action Task Force commenced a week of meetings on Sunday to discuss major issues regarding money-laundering across continents.
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Forex, Gold in Tehran Moving Up
EghtesadOnline: Foreign currency and gold coin prices increased in Tehran on Wednesday ostensibly influenced by the upcoming meeting of Financial Action Task Force on Feb 21.
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Iran's CB Discounts Effect of FATF Ruling on Forex Market
EghtesadOnline: Governor of the Central Bank of Iran said whatever the anti-money laundering Financial Action Task Force decides on February 21, the decision will not affect the currency market.
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Call for Action to Sustain Int'l Transactions
EghtesadOnline: President Hassan Rouhani called for appropriate action on the part of all authorities to prevent a break-off in Iran's banking relations with the world, stressing that this is…
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Analysis: Agenda Lost to Propaganda
EghtesadOnline: Sincere stakeholders, in the anti-FATF camp in Tehran, say now is not the time to embrace the Financial Action Task Force rules. Their argument is premised on the reality that…
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Central Bank of Iran Makes Case for Joining FATF
EghtesadOnline: The central bank governor says Iran’s key trading partners have sent notice to the effect that Iran’s inclusion in the Financial Action Task Force’s blacklist would have dire…
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MPs Solicit Leader’s Support For FATF
EghtesadOnline: With the final call by the global anti-money laundering watchdog, the Financial Action Task Force, on Iran coming to a head, a group of MPs are preparing a letter to the Leader…
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Refusal to Join FATF Would Help Forge Int'l Front Against Iran
EghtesadOnline: Failure to ratify laws demanded by the global anti-money laundering watchdog will adversely affect Iran's economy, as it will help forge an international front against the country…
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Failure to Join FATF Could Prove Costly
EghtesadOnline: Iran would have to pay a heavy price if it fails to implement standards set by the global anti-money laundering watchdog, says an expert on international affairs, who believes…
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Failure to Join FATF Not in National Interest
EghtesadOnline: Iran's refusal to implement standards set by the global anti-money laundering watchdog will only play into the hands of the United States that is seeking further pretexts to build…
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Respecting multilateralism; opportunity to deal with US unilateralism
EghtesadOnline: Completing the process of the Financial Action Task Force (FATF) Action Plan and making decisions on the Palermo and Combating the Financing of Terrorism (CFT) Conventions are…
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Critical Role of FATF Reiterated
EghtesadOnline: Time is running out for Tehran to meet the deadline set by the Financial Action Task Force to comply with the standards of the global anti-money laundering watchdog or face the…
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Compliance With FATF Rules Can Improve Economic Prospects
EghtesadOnline: Implementing standards set by the global anti-money laundering watchdog can help improve Iran’s economic conditions and financial transparency, says an expert, who believes that…
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Zarif: FATF Ultimatum Serves Political Purposes
EghtesadOnline: Iran's top diplomat said the Financial Action Task Force's imposition of a final deadline on Iran is a "completely political" decision, but stressed that international financial…
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Tehran Given 4 More Months to Enforce FATF Conditions
EghtesadOnline: The Financial Action Task Force (FATF), the global watchdog for anti-money laundering policies, again extended the suspension of countermeasures against Iran.
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INSTEX Operation Linked to Abiding by FATF Rules, Setting Up Mirror Entity
EghtesadOnline: The European mechanism to facilitate trade with Iran will not work until Tehran sets up a mirror company and meets international standards against money-laundering and terrorism…
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FATF Extends Suspension of Counter-Measures
EghtesadOnline: The Financial Action Task Force, the global anti-money laundering watchdog, decided on Friday to continue the suspension of counter-measures against Iran until October.
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CBI Chief: FATF Crucial for Foreign Banking Ties
EghtesadOnline: Governor of the Central Bank of Iran Abdolnaser Hemmati says recommendations of the anti-money laundering body, the Financial Action Task Force, are part and parcel of international…
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Rouhani Mounts Strong Defense of FATF Bills
EghtesadOnline: President Hassan Rouhani on Tuesday strongly defended his government's initiative to comply with global anti-money laundering and countering financing of terrorism standards,…
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FATF Extends Suspension of Iran Countermeasures Until June
EghtesadOnline: The anti-money laundering body, the Financial Action Task Force announced on Friday that it has extended the suspension of countermeasures against Iran for another four months,…
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Iran's Expediency Council Approves Anti-Money Laundering Law
EghtesadOnline: The Expediency Council, a powerful body that resolves disputes between parliament and a watchdog body, the Guardian Council, on Saturday approved the amendment to Combating Money…