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.
“In line with that, we expect that it will have adopted all of these measures by February. If by February 2019 Iran has not yet done so, then we will take further steps,” he said.
Iran welcomes extension
In the meantime, the FATF said it had decided to continue suspending countermeasures, which can go as far as limiting or even banning transactions with a country.
Iran’s Foreign Ministry spokesman Bahram Qasemi said he welcomed the decision to extend the deadline to February, the state news agency IRNA reported.
He also criticized the U.S. chairmanship of FATF, saying it was an attempt to bring Iran back on to the international money-laundering blacklist, without elaborating.
Iran’s parliament approved some new measures against funding terrorism earlier this month under pressure to adopt international standards. But FATF said that it could only consider fully enacted legislation.
Members of FATF had given Tehran until this month to bring its laws against money-laundering and funding of terrorism up to its guidelines.
Return to blacklist possible
Otherwise, Iran risked being returned to a blacklist of noncompliant countries that makes foreign investors and banks reluctant to deal with it.
Read more: Voice of America
Iran Briefing | News Press Focus on Human Rights Violation by IRGC, Iran Human Rights
Nov 20, 2018 Comments Off on US set to accuse Iran of violating chemical weapons treaty
Nov 20, 2018 Comments Off on House GOP Needs a Steady Foreign Policy Hand
Nov 20, 2018 Comments Off on Saudi King Calls on Int’l Community to Stop Iran’s Nuclear Missile Programme
Nov 19, 2018 Comments Off on Iran must be punished for failing to comply with financial standards
Nov 19, 2018 Comments Off on Will Re-Ignited U.S. Sanctions on Iran Drive the Country to Cryptocurrency?
Nov 16, 2018 Comments Off on Iran sanctions reimposed and in full effect
Nov 16, 2018 Comments Off on Countering Iran’s Global Terrorism
Nov 15, 2018 Comments Off on Iran IRGC Brags About Its “Bases From Red Sea To Mediterranean”, Suggests US Will Leave Iraq
Nov 13, 2018 Comments Off on U.S. Sanctions Against Iran Might Not Prove Important To Oil MarketsU.S. Sanctions Against Iran Might Not Prove Important To Oil Markets U.S. Sanctions Against Iran Might Not Prove Important To Oil Markets So, U.S. sanctions on Iran were fully implemented on Monday, fully but not...
Nov 09, 2018 Comments Off on CAN SANCTIONS BRING REGIME CHANGE IN IRAN?CAN SANCTIONS BRING REGIME CHANGEIN IRAN? CAN SANCTIONS BRING REGIME CHANGEIN IRAN? On November 5, the United States imposed a comprehensive set of sanctions on Iran, which were characterized by United States...
Jul 14, 2016 Comments Off on Corps’ one hundred thousand of triggered missiles in Lebanon:An official Israel-threatening by CorpsIran Briefing: Since August 7, 1979, when Ayatollah Khomeini declared the last Friday of Ramadhan as “Quds Day”, the Islamic Republic has always tried to hold an imposing ceremony by using state resources as well as requiring people’s involvement. This year’s Quds march had fundamental...