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Last Update: 9 Hour and 26 Minute ago
News code: 26444
Published Date: Saturday 20 October 2018 - 13:00:41
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Iran hails FATF decision as diplomatic win over US

Iran hails FATF decision as diplomatic win over US
IRAN  - Foreign Ministry Spokesman Bahram Qassemi welcomed FATF's Friday decision to extend suspension of counter-measures against Iran, and described it as a diplomatic success for Iran.

Describing the Friday decision of the FATF as a diplomatic achievement for Iran in the face of widespread US efforts to restore Iran's blacklist status, Qassemi, very late on Friday, expressed pleasure with the fact that majority of the members of the Financial Action Task Force (FATF) were not affected by the political suggestions of the US and few of its allies'.

The Iranian diplomat, however, criticized sections of the statement which has considered Iran's measures as incomplete.

Stressing that FATF should avoid political motivations and present technical reports, Qassemi said that most of the cases demanded from Iran by FATF have been completely implemented and the remaining will be undertaken after three outstanding bills go thorough their legal course.

"Therefore, it was expected that the FATF meeting heed the realities and shun using negative rhetoric in its statement," he said.

Condemning US delegation's obstinacy regarding extension of deadline for Iran, the official said that FATF's base for assessments has from the very beginning been the countries' technical undertakings.

FATF's decisions should not be impacted by political pressures of a country which is addicted to bullying and unilateralism in the international scene, Qassemi said.

US has shown that it is not a reliable member in the international community, as it is seeking to destroy all achievements of multilateralism through its unilateralism, he said.

The parliament's open session debating the Financial Action Task Force (FATF) kicked off last Sunday morning with 268 lawmakers in attendance.

The CFT was approved with 143 yes votes, 120 no votes and 5 abstentions.

To fulfill FATF requirements, President Hassan Rouhani's administration has proposed four bills to the parliament for approval, two of which are still undecided, including the Palermo Convention. They have been referred to the Expediency Council for final approval.

Iran recently approved anti-money laundering (AML), which was a domestically-developed bill, and it voted to join the CFT standards set by the FATF for years.

On June 30, the FATF said Iran had until October to complete reforms that would "bring it into line with global norms or face consequences" that could further deter investors from the country.

The FATF recommendations are the internationally endorsed global standards against money laundering and terrorist financing: they increase transparency and enable countries to successfully take action against illicit use of their financial system.

The CFT bill which gained the yes vote in the parliament on Sunday will be sent to the Guardian Council for final approval.

 

News Code: 26444
Published Date: Saturday 20 October 2018 - 13:00:41
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