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Chamber of commerce calls on Iran to join FATF

Tehran, Chamber of Commerce, Industry, Mines and Agriculture in a statement on Sunday called on Iran to join the Financial Action Task Force on Money Laundering (FATF).

The statement approved by the members at the thirty-fifth session of the Chamber of Commerce, Industries, Mines and Agriculture of Iran stated that 'since the negative effects of money-laundering can enter the international financial network through the financial markets of the countries, the need for the international anti-money laundering laws have rapidly spread to the world.

'At present, 40 recommendations have been issued by the FATF which assess the performance of different countries based on the extent to which these recommendations are applied,' the statement read.

Iran for the first time in 2009 was introduced in the list of the countries that the FATF was concerned about.

The statement added, 'Since then Iran has been introduced as a strategic risk country between 2013 and 2016 and Iran has been in the status of suspension from the FATF perspective.'

Members of the Iranian Chamber of Commerce stressed in the statement on the necessity of joining the group, adding ,'Transparency in this regard could prevent contradictory perceptions and public awareness of FATF's reality could lead to the empathy of the people with the government at all next stages to reach to the conclusion.'

Source: Islamic Republic News Agency - IRNA

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