As further elements of the 20th to 22nd February FATF meeting, it was agreed to extend the deadline for compliance with recommendations to the meeting in June 2019 in order to facilitate Iran’s compliance with the AML/CTF international standards.
One spoken person of the FATF expressed the general disappointment as the action plan continues to be outstanding and highlighted that the expectation of to encourage full compliance and the necessary reforms to be finalised by this new date.
The action plan started in 2016 and now has been extended to June 2019.
It has been reported that failing to comply with this deadline may generate reactions from the FATF and enhancement of measures for lack of compliance.
Iranian authorities hope that the remaining parliamentary efforts will be concluded by this date.
Iran keeps facing difficulties in applying international standards n the fights against money laundering and terrorist financing
