After Pak, anti-terror watchdog to crackdown on Iran; keeps Tehran on financial blacklist


PTI, Jun 22, 2019, 8:20 AM IST

Washington: A multinational task force said Friday it is keeping Iran on a financial blacklist for failing to take action to head off funds flowing to terrorists. The 38-nation Financial Action Task Force (FATF) said it will require more onerous financial oversight if Tehran fails to meet an October deadline for improving its controls.

“The FATF expects Iran to proceed swiftly in the reform path to ensure that it addresses all of the remaining items,” according to the statement, while welcoming “high-level political commitment” to repair the deficiencies.

Treasury Secretary Steven Mnuchin in a speech Friday called out Iran’s “willful failure to address its systemic money laundering and terrorist financing deficiencies.”

The country has faced a growing series of US economic sanctions over the past year, as Treasury has blacklisted numerous firms and officials to choke off their access to funds following President Donald Trump’s decision to abandon the 2015 nuclear deal negotiated by his predecessor.

Amid rising tensions in recent days after Iran shot down an American drone, Trump early Friday appeared to preview the tougher stance, saying on Twitter that “Sanctions are biting & more added last night.” However, no sanctions were announced.

The FATF said steps that Iran still must take include “adequately criminalising terrorist financing,” “identifying and freezing terrorist assets,” and ensuring financial institutions verify wire transfer information.

The task force also called upon all members “to require increased supervisory examination for branches and subsidiaries of financial institutions based in Iran.”

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Youth attempts suicide after being humiliated in public for wearing ripped jeans in Belthangady

India crawl to 51 for 4 after losing top-order

Nursing student suicide: Three students arrested in Kerala

Nadda’s letter to Kharge full of falsehoods: Cong

10 month baby gets new heart, new life

Actress Kasthuri released from jail, says ‘I thank those who made me raging storm’

Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial

Related Articles More

Baku climate talks: The ‘X’ factor that could determine future of Global South

India-US ties have strong foundation: White House confident in navigating crisis over Adani bribery charges

PM Modi leaves for home after concluding three-nation visit

China announces new policy measures to protect its exports from Trump’s new tariff threat

Pak government prepares for proposed protest by former PM Imran Khan’s party on Nov 24

MUST WATCH

Christmas Cake Fruit Mixing

DK Shivakumar

Rose Cultivation

Geethotsava

Naxal Operation


Latest Additions

Youth attempts suicide after being humiliated in public for wearing ripped jeans in Belthangady

Baku climate talks: The ‘X’ factor that could determine future of Global South

Kerala HC denies bail to police officer accused of ‘raping’ minor Dalit girl

Global Bhagavad Gita Quiz Announced: Registration now open

Kasaragod: Husband murders woman PSI

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.