Velayati challenges FATF saying it does not serve Iran national interest

Tehran, Sept 4, IRNA – The Financial Action Task Force (FATF) does not serve Iranian national interest, head of the Research Center of the Expediency Council Ali-Akbar Velayati said on Sunday.

He made the remarks on the sidelines of his meeting with UN Under-Secretary-General and Emergency Relief Coordinator Stephen O'Brien in Tehran.

He called for resistance to the FATF, saying that the financial action task force runs counter to nationl sovereignty of the government.

'We do not have to accept the international financial institutions impose unfair restrictions on officials of the Islamic Republic of Iran,' he added.

'Absolutely, the goal of the international financial institutions is to deprive Iran of free access to the financial and economic facilities and the Iranian economic activists. Iran should not observe such a restriction.'

Velayati said that the reason behind sanctions against Khatam al-Anbia reconstruction camp or Qods relief aid agency was that they have been forerunner and flag bearer of campaign against Zionism and its supporters. Of course, sanctions cannot stop the Qods relief aid agency or Khatam al-Anbia reconstruction camp or the campaigners for the glory of Islam.'

Velayati said that due to the sanctions, 'our campaigners inside and outside either in the region and Palestine and Lebanon or resistance will not stop campaign against terrorism and restore the international peace and security. For instance, if Hezbollah is subject to sanctions, they will not stop campaign. Neither would our dignitaries, subject to sanctions.'

'If resistance continues, enemies will come to know that sanctions are useless and those resisting will eventually win.'

The Financial Action Task Force is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions.

The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.

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