Iran moves toward FATF compliance to ease sanctions pressure

Iran’s Efforts to Comply with FATF Standards

Iran’s top arbitration body has approved a bill that may aid in removing the country from the Financial Action Task Force’s (FATF) blacklist, which it has been on since 2020 due to non-compliance with international anti-terrorism financing standards. The Expediency Council has approved the Palermo Convention and will consider joining the Combating the Financing of Terrorism (CFT) bill, amidst a divide in Iranian authorities regarding compliance with FATF rules, with moderates advocating for it to improve foreign trade while hardliners oppose it, fearing it may hinder support for regional allies.