Complying with FATF to expose Iran’s efforts to evade US sanctions: Expert
Iran would enjoy almost no benefit if it fully complies with the Financial Action Task Force (FATF), an international bloc to fight money laundering and terrorism financing, says a senior expert who believes such a move would even harm Iran’s efforts to evade illegal and inhumane sanctions imposed by the United States.
Behzad Khosravi told the IRIB News on Sunday that complying with the FATF would require the countries to reveal all their financial and transactions data, a move which could prove fatal for Iran as the country struggles to get round sanctions on its banking and financial sectors.
“If our country wants to join the FATF in normal circumstances it would not be problematic and there would be no negative implications,” said Khosravi.
“This comes as we are circumventing the sanctions and it (complying with the FATF rules) would earn us nothing but giving out the data,” he said.
The comments came after some source close to the Iranian administrative government renewed calls that Iran should finally ratify remaining FATF conventions to end its blacklist position in the group.
Those supporting Iran’s compliance with the FATF believe the country would face problems in trade with allied countries like Russia and China in future if it fails to accept the requirements of the group.
However, critics say Iran’s financial sector in its entirety has come under US sanctions and remaining in the FATF’s blacklist, an status that began in February, would pile no additional burden on the country’s banks and financial institutions.
“I’m concerned that by giving out this information, eventually to the US government, we will be no longer able to evade sanctions that we have managed to circumvent until today,” said Khosravi.
Iran’s need for change of guard in COP29
EU sanctions directly impact Iran’s medicine imports: Official
Iran's CBI to launch new currency exchange market
VIDEO | 57 weeks of pro-Palestine rallies in Milan
VIDEO | Iraqi fighters strike Israeli military target, vow ‘increasing intensity’
VIDEO | Iran confirms successful signals from Kowsar, Hodhod satellites
VIDEO | What will keep Gaza on top of the new US presidential agenda?
188 Palestinian journalists killed since start of Israeli war: Gaza media office
Enemy fears us, our weapons, fighters tell Hezbollah’s leader
VIDEO | Silencing anti-Israeli voices
Trump prepares to pull US out of Paris Agreement: Report
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
