29 Mar 2024
Sunday 23 February 2020 - 17:04
Story Code : 370902

Mixed reactions to FATF blacklisting

Mixed reactions to FATF blacklisting
Financial Tribune - Placing Iran on the global anti-money laundering watchdogs 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 Fridays 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 Irans inclusion in FATFs blacklist will inflict significant loss on exporters, he said, adding that the gravity of situation will emerge as time passes, ICCIMA website reported.
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