Global support for Iran in FATF meeting in Spain
Published on: 27/06/2017
In light of Iran's efforts and progress in developing compliance and AML measures, the Financial Action Task Force (FATF) extended the suspension of Iran restrictions.
The decision was taken during the FATF meeting in Spain. EU members and many other countries have appreciated the progress of Iran in anti-money laundering activities, despite the White House and several states’ attempt to perform against Iran by even using the US media such as the Wall Street Journal.
Iran has engaged with FATF and implementing related domestic regulations in order to improve its position in ranking.
The Financial Action Task Force (FTAF) is an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering and financing of terrorism. More than 190 countries around the world subscribe to these standards. The FATF, together with a global network of regional assessment bodies, measures effective implementation of its standards through peer reviews.
FATF is a policy-making body which aim to set regulations and directives, regulatory and operational measures for fighting money laundering, terrorist financing and other related threats as well as making necessary changes in these areas for the integration of the global economy system.
Shanda Consult maintains a strong local presence and an effective network in Iran.
Shanda Consult offers various services to mainly Germany and Chinese investors in Iran, from seminars for Ministries to the facilitation of Foreign Direct Investment into Iran, from intercultural communication coaching for Joint Venture partners to market surveys and project implementation in Iran. Also, is specialised in consultancy regarding project-based investments and as a partner in bringing together investors and investment projects.
We are proud of our prompt and punctual services and on the systematic way that we handle our clients’ tasks. For a personalised consultation for your business investment needs please feel free to contact us.