Majlis FATF report in March

Financial Tribune- The parliamentary FATF taskforce will report on Iran’s cooperation with the Financial Action Task Force to the Majlis Economic Commission by the end of the current Iranian year (March 20, 2017).

“Reviewing the sixth development plan caused a two-month delay for the FATF report, hence there will be a meeting next week to review the issue,” Mohammad Reza Pour-Ebrahimi, the head of the commission, was quoted as saying by IBENA.

“The report on FATF should be first reviewed and approved in the economic commission and then presented to Majlis Presiding Board,” he said.

Pour-Ebrahimi concluded by saying that whether the report on FATF gets a hearing in an open Majlis session or not is up to the presiding board.

The intergovernmental FATF was founded in 1989 to combat money laundering, but its mandate expanded to act on terrorism financing in 2001.

The group decided in late June to keep Iran on its list of high-risk countries but welcomed Iranian promises to improve, and called for a one-year suspension of restrictions on Tehran.