FNA- Iranian Ambassador to Germany Ali Majedi announced that the country is in talks with the Financial Action Task Force (FATF) officials to remove the country from its blacklist.

"Iran's negotiations with the FATF continue and we expect that Iran will be fully removed from the group's blacklist in June or July," Majedi said, addressing a forum in Tehran on Saturday.

He also underlined that the two Iranian banks of Saman and Middle East are in talks to open branches in the European countries.

"With the Central Bank of Iran (CBI)'s recommendation, the foreign companies which intend to cooperate with Iran can open account in these banks to resolve another part of banking problems and decrease the share of dollar in our exchanges," Majedi added.

The FATF is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions.

The FATF is a “policy-making body” which works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.

The FATF has developed a series of recommendations that are recognized as the international standard for combating of money laundering and the financing of terrorism and proliferation of weapons of mass destruction. They form the basis for a coordinated response to these threats to the integrity of the financial system and help ensure a level playing field.

First issued in 1990, the FATF Recommendations were revised in 1996, 2001, 2003 and most recently in 2012 to ensure that they remain up to date and relevant, and they are intended to be of universal application.