FATF extended Iran’s deadline for compliance

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



Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.

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