The Iran Project
: Iran’s Expediency Council will consider the country’s potential membership in the Financial Action Task Force (FATF) if the matter is brought before it, said its head, Ayatollah Sadeq Amoli Larijani.
Wednesday 11 December 2024 - 23:00
Story Code : 432627
Source : IRNA
Iran's Expediency Council to review FATF issue if submitted, says Amoli Larijani
Larijani also raised concerns about the practical benefits of joining the international financial watchdog, particularly in the context of ongoing US sanctions that have posed significant challenges for Iranian traders, especially in foreign exchange transactions. "Will the United States lift its restrictions if we accept FATF?" he questioned.
Earlier, Larijani had discussed the issue with Iranian economic activists, asking them how effective they thought joining FATF would be in alleviating the country's financial challenges. One participant suggested that it could provide a 40% improvement, but Larijani pointed out that it is essential to clearly understand the tangible benefits before moving forward.
Reporter : Editorial of The Iran Project
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