The Financial Action Task Force (FATF) announced on Friday, June 28, that Iran, North Korea, and Myanmar remain on its blacklist.
This Paris-based organization highlighted the Iranian government’s refusal to ratify the United Nations Convention against Transnational Organized Crime (Palermo Convention) and the Convention against the Financing of Terrorism according to its standards. It fully revoked the suspension of countermeasures and urged countries worldwide to take effective countermeasures against the Iranian regime.
According to the FATF statement, the Iranian regime will remain on the blacklist of this organization, which oversees actions by countries and jurisdictions to combat money laundering and terrorist financing, until it completes its action plan.
The FATF added in its statement that if the Iranian regime ratifies the two mentioned conventions, the organization will decide on the next steps, including the suspension of countermeasures.
The FATF’s list of high-risk countries, or blacklist, currently consists of three regimes: Iran, North Korea, and Myanmar, which have significant strategic deficiencies in combating money laundering, terrorist financing, and the financing of the proliferation of weapons of mass destruction.
