Iran has received an extended sanctions waiver from the Financial Action Task Force (FATF), the intergovernmental organisation founded on the initiative of the G7 to combat money laundering and the financing of terrorism, the Iranian Banker Journal reported on June 26.
The extension was deemed “indefinite”, although this disappointed Iranian banking officials who were hoping to have the financial restrictions entirely removed, it added.
In a website statement, the FATF said: “Iran will remain on the FATF Public Statement until the full Action Plan has been completed.”
Iranian and European lawyers met in Geneva over the June 24-25 weekend to discuss opening various channels between several EU states and Iran in the post-nuclear sanctions era. Key hurdles are continuing to obstruct the overhauling of Iranian banking procedures to meet key required targets, they concluded.
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