International anti-money laundering body keeps Iran on risk list

Send a link to a friend  Share

[June 24, 2016]  PARIS (Reuters) - An international group that monitors money laundering worldwide said on Friday it was suspending counter-measures on Iran for 12 months, but left it on a list of high-risk countries.

Iranian shareholders look at electronic display boards in Tehran's Stock Exchange, Iran, January 17, 2016. REUTERS/Raheb Homavandi/TIMA

 

The Financial Action Task Force said it would monitor Iran's progress tackling anti-money laundering and terrorism financing following a recent political commitment from Tehran to do so.

In the meantime, the Paris-based body urged its 37 members and other countries to "continue to advise their financial institutions to apply enhanced due diligence to business relationships and transactions" with Iran firms and people.

(Reporting by Leigh Thomas; editing by Richard Lough)

[ 2016 Thomson Reuters. All rights reserved.]

Copyright 2016 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

Back to top