Iran General NewsFATF blacklists 8 countries, calls for Iran sanctions

FATF blacklists 8 countries, calls for Iran sanctions

-

ImageAFP: A key global anti-corruption body has blacklisted eight countries for alleged money laundering and terrorism financing and called for sanctions against Iran, the US government said Friday. ImageWASHINGTON (AFP) — A key global anti-corruption body has blacklisted eight countries for alleged money laundering and terrorism financing and called for sanctions against Iran, the US government said Friday.

The Financial Action Task Force has "identified eight countries that have strategic… deficiencies in alleged money laundering and terrorism financing," the Treasury Department said in a statement.

The FATF, an inter-governmental body aimed at countering illicit financial transactions that could be used to promote terrorism, has named Angola, Ecuador, Ethiopia, Iran, North Korea, Pakistan, Sao Tome and Principe, and Turkmenistan for posing "a risk to the international financial system."

The US Treasury welcomed "the FATF statements this week identifying countries with strategic deficiencies in the area of anti-money laundering and combating the financing of terrorism.

"We also welcome FATF's renewed call today for its members and all jurisdictions to apply effective counter-measures to protect their financial sectors from the money laundering and terrorist financing risks emanating from Iran."

The 35-member FATF, which includes the European Commission and the Gulf Co-operation Council, singled out the Islamic republic for sanctions.

Iran "is subject to a FATF call on its members and other jurisdictions to apply countermeasures to protect the international financial system from the ongoing and substantial money laundering and terrorist financing risks emanating from the jurisdiction," the FATF said in a statement.

The task force said that Angola, Ecuador, Ethiopia and North Korea "have not committed to an action plan developed with the FATF to address key deficiencies."

Pakistan, Sao Tome and Principe, and Turkmenistan have not addressed deficiencies "previously publicly identified by the FATF."

The FATF secretariat is based at the Paris headquarters of the Organisation for Economic Cooperation and Development, a forum of industrialized nations.

Latest news

 Statistics show that New Year accidents’ deaths in Iran reached 585

Ahmad Shirani, the head of the Information and Traffic Control Center of the Iranian regime’s police, announced that the...

Land Subsidence in Critical Conditions in Isfahan

Mehdi Toghyani, a member of the Iranian regime’s Majlis (parliament), pointed to the occurrence of land subsidence in various...

Iran’s Actual Inflation Rate Higher Than Official Stats

The state-run Donya-e-eqtesad newspaper, in a report analyzing the "general sentiment" regarding inflation in 2023, has stated that households...

Iranian Workers’ Monthly $136 Wages Can’t Cover $500 Expenses

The lives of a significant portion of the Iranian population are marked by uncertainty, largely because the Iranian economy...

Iranian Nurses Earn Twice Their Wages in Ride-Hailing Services

Reza Aryanpour, a member of the regime’s Majlis (parliament) Health and Treatment Commission, highlighted the growing trend of nurses...

Iran: Unprecedented Record of 152 Million Liters of Gasoline Consumption Per Day

On March 19, Iran set a new historical record in gasoline consumption with 152 million liters consumed in one...

Must read

Bush, Sarkozy stand together on Iran

AP: President Bush and French President Nicolas Sarkozy stood...

Hospital officials: Iraqi forces forcibly removed Iranian dissidents from hospital

AP: Iranian dissidents wounded in last week's in clashes...

You might also likeRELATED
Recommended to you