CBI Chief: FATF ruling not affect Iran forex market

12 February, 2020
Source: Financial Tribune

Governor of the Central Bank of Iran said whatever the anti-money laundering Financial Action Task Force decides on February 21, the decision will not affect the currency market.

The Paris-based global anti-money laundering watchdog issued a four-month deadline in mid-October, giving Tehran a last and final chance to comply with international anti-money laundering rules by February 2020. 

“The upcoming FATF decision, whether or not it extends the deadline, will not significantly affect our currency market,” Abdolnasser Hemmati wrote in a note on his Instagram account on Sunday.  

He was referring to the government’s political opponents and currency speculators who have launched a propaganda campaign claiming that the global anti-money laundering watch-dog will put Iran on its blacklist this month.

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