Anti-money-laundering body gives Iran until February to complete reforms
23 Oct 2018

The international group that monitors money-laundering worldwide said on Friday Iran had until February to complete reforms that would bring it into line with global norms or face consequences.

The Paris-based Financial Action Task Force said after a meeting of its members that it was disappointed that Tehran had acted on only nine out of 10 of its guidelines despite pledges to make the grade. It had previously set a deadline of October to compete all 10 reforms.

“We expect Iran to move swiftly to implement the commitments that it undertook at a high level so long ago,” said Marshall Billingslea, the U.S. assistant Treasury Secretary for terrorist financing, after chairing an FATF meeting.

– By Leigh Thomas, Reuters, 19 October 2018.

Link to Reuters.

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