FATF-related conventions to be decided by next month

Shahre-kord, Jan 11, IRNA- Chairman of the National Security and Foreign Policy Commission of the Iranian Parliament said the fate of Financial Action Task Force (FATF) conventions are to be determined by next month.

In an exclusive interview with the Islamic Republic News Agency (IRNA) at the end of a two-day trip to Chaharmahal and Bakhtiari on Friday, Heshmatullah Falahatpisheh said the decision on these conventions will be made at the Expediency Council.

Bills related to the Financial Action Task Force (FATF) are for standardization and organizing the banking system and connect the banks of Iran with the banks and financial institutions of the world.

A special financial action group is a transnational entity that monitors the rules and regulations of different countries to measure their effectiveness in combating money laundering.

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