“The FATF must make good on its threats and finally — after three years of waiting — declare that Iran is a toxic entity in the global financial system and re-impose countermeasures”

Failing to blacklist Iranian banks could have bigger consequences
by Jeb Bush, Ileana Ros-Lehtinen and Mark Wallace
June 19, 2019

Iran, the world’s leading state-sponsor of terrorism, has lied to global financial policymakers for three years about its intention to prevent its banks from laundering money and financing terror organizations. And for three years, the same policymakers at the Financial Action Task Force (FATF) have done nothing while Iran dragged its feet. This must change. The FATF is meeting in Orlando this week, and it must vote to blacklist Iranian banks — as it has repeatedly promised but failed to do — or risk acquiring a reputation as a toothless tiger. READ MORE

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