Iran’s presence in the FATF blacklist; A serious obstacle in the way of the central bank

According to the Ibna reporter; Dr. Hemmati, the Governor of the Central Bank, emphasized in a note last week: FATF failure to determine the task can be an obstacle for the country’s banking system in conducting international banking transactions in the absence of sanctions. Earlier this month, the Financial Action Task Force announced that it had blacklisted Iran. According to the Associated Press and Reuters, FATF President Marcus Player said he remains on the blacklist as the situation in Iran has not changed. He called on all countries and regulatory authorities to take effective action against the country.

about this; Ali Ebrahimi, a former member of parliament, told IBNA that the importance of approving the FATF bills and its impact on the country’s banking and foreign trade system: “When a country is included in the list of high-risk countries, the countries with which it even They are allies and they can not accompany. Because the country with which it first trades does not actually comply with FATF requirements and is essentially excluded from the list of low-risk countries.

“Even in the past, from China, Russia and even Iraq, in a way, they actually sent a message that the FATF requirements are important to us,” Ebrahimi said. This means that when you live on the planet and are one of the countries that need trade, well, international regulations require you to have a clear and definite presence. In other words, we can not say that we want to communicate with everyone but not be involved in international agreements.

He recalled Iran returns to the FATF blacklist on March 23, 1998 said: Regarding the negative effects of Iran’s entry into the FATF blacklist, it should be emphasized that part of our trade exchanges have been disrupted due to their presence in the FATF blacklist. Even if the sanctions are lifted, somehow we are under sanctions and trade will be difficult.

According to this economist; Non-compliance with FATF requirements is a serious obstacle for the central bank and other banks in the country to work and interact with banks around the world. As a result, due to international trade and banking problems, the government has submitted a request to the Supreme Leader, who has authorized a review.

Ebrahimi while referring to Agreement Leader of the Revolution by extending the time for reviewing bills FATF said: Here, the Expediency Council is expected to take a comprehensive look at this issue, taking into account the specific economic conditions of the country, and to state explicitly wherever there is a serious problem. It is thought that the positives of meeting the FATF requirements outweigh the negatives. And if we do not agree to these requirements, the damage to our economy is greater than the opposition. While we must consider national interests in all matters, we must also have international participation.

The former member of parliament added: “In the previous parliament, a lot of hammering was done by the parliament regarding the observance of FATF requirements, and we also considered that we should not implement it wherever we checked and found that it is against the national interest.” He also stressed that compliance with FATF requirements in the country will lead to transparency, and the more transparent our economic system is, the less abuse there will be.