The global dirty money watchdog placed Iran on its blacklist on Friday after it ...
PARIS - The global dirty money watchdog placed Iran on its blacklist on Friday after it failed to comply with international anti-terrorism financing norms, a move that will deepen the country’s isolation from financial markets.
“Given Iran’s failure to enact the Palermo and Terrorist Financing Conventions in line with the FATF Standards, the FATF fully lifts the suspension of counter-measures and calls on its members and urges all jurisdictions to apply effective counter-measures,” the group’s 39 members said in a statement after a week-long plenary session.
The United States commended the task force’s action after what it said was Tehran’s failure to adhere to FATF’s standards. The FATF appeared to leave the door open for some engagement with Iran saying in its statement: “Countries should also be able to apply countermeasures independently of any call by the FATF to do so.”
France, Britain and Germany have tried to salvage the nuclear accord but have faced growing pressure from the United States to join its efforts to isolate Iran.
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