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FATF gives Iran 4-month deadline to complete reforms

The anti-terror Financial Action Task Force (FATF) has in Paris, France, on Friday given Iran a four-month deadline until February to complete reforms.

'The Financial Action Task Force decided at its meeting this week to continue the suspension of counter-measures,' Reuters on Friday quoted sources as saying.

FATF has in its plenary meeting in Paris since Sunday been discussing the safety and security of the global financial system.

FATF website has reported that as many as 800 officials, representing 204 jurisdictions, the IMF, UN, World Bank and others will come to Paris for FATF Week at the Organization for Economic Cooperation and Development (OECD).

'During six days of meetings, they discussed 140 papers on a range of important issues to protect the integrity of the financial system and contribute to global safety and security,' it said.

Source: Islamic Republic News Agency - IRNA


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