Saturday, October 31, 2020

Anti-Money-Laundering Watchdog Gives Iran Until June to Tighten Rules

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A global anti-money-laundering watchdog again extended a deadline for Iran to complete legal changes. This time it came with a warning. The Financial Action Task Force, a Paris-based body that sets standards for anti-money-laundering and counterterrorism financing rules, said Friday it would require increased supervisory exams for financial institutions in Iran if the nation doesn’t enact the necessary measures by June.

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