Iran Aims to Exit FATF Blacklist Amid Political Divisions

Tehran, Iran – Iran plans to continue efforts to exit a blacklist by the Financial Action Task Force (FATF), which recently renewed Iran’s blacklisting due to “20 years of obstruction” from domestic opponents. The FATF emphasized increased isolation of Iran from global financial markets, particularly targeting virtual asset service providers, and recommended limiting financial transactions with Iran based on risk. Since 2019, Iran has faced heightened scrutiny and countermeasures, complicating international financial access and contributing to the depreciation of the rial. The FATF’s actions are linked to ongoing concerns over Iran’s nuclear program and the United States’ sanctions, which have empowered hardliners opposing financial transparency.