Mixed reactions to FATF blacklisting

Financial Tribune – Placing Iran on the global anti-money laundering watchdog’s list will have mixed results on economic sectors, says the head of the Money and Capital Market Commission of the Iran Chamber of Commerce, Industries, Mines and Agriculture.

Acknowledging the destructive impact of Friday’s Financial Action Task Force decision, Mohsen Hajibaba said “the move will certainly affect foreign trade, money transfer, and particularly exports.”

“There is no doubt that the Iran’s inclusion in FATF’s blacklist will inflict significant loss on exporters,” he said, adding that the gravity of situation will emerge as time passes, ICCIMA website reported.