Iran Chamber of Commerce Urges FATF Compliance

Iran Chamber of Commerce, Industries, Mines and Agriculture, the country's largest private sector group, has emphasized the necessity of Iran joining the inter-governmental Financial Action Task Force.

In a statement announced by ICCIMA at the latest gathering of its Board of Representatives on Sunday, businesspeople warned that if Iran fails to comply with 40 recommendations made by the Anti-Money Laundering body, the country's financial isolation would become certain.

The statement added that by joining FATF, Iran would send a signal that engagement in financial transactions with Iran by other countries would be safe.