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FATF

Iran approves anti-money laundering bill to facilitate foreign trade

The bill was passed by the Iranian parliament, also known as Majlis, in September but the legislative watchdog, the Gurdian Coucnil, opposed several issues raised in it. Its a first step towards removing hurdles in creating banking channels with the world in the face of US sanctions.

Financial Markets

FATF extends suspension of anti-Iran measures to February 2019

The international group that monitors money-laundering worldwide said on Friday Iran had until February to complete reforms that would bring it into line with global norms or face consequences.

Trade

Iran passes controversial bill on fighting terror financing

The Iranian parliament has passed a bill on combating the financing of terrorism as part of the countrys implementation of international standards set by the Financial Action Task Force (FATF).

Financial Markets

FATF continues suspension of countermeasures against Iran

The Financial Action Task Force in its Friday meeting in Paris has recognized measures taken by Iran in line with addressing its deficiencies and has decided to continue the suspension of active countermeasures until its next meeting.

Financial Markets

FATF’s recent decision on Iran guarantees banking ties: Baeedinejad

Iran’s ambassador to Britain said a recent decision by the Financial Action Task Force (FATF), the policy-making body of the international financial system, to continue the suspension of anti-Iran sanctions would guarantee the country’s banking ties with foreign countries.

Financial Markets

FATF continues suspension of Iran restrictions

The Financial Action Task Force has decided to continue the suspension of counter-measures against Iran, “in light of Iran’s demonstration of its political commitment and the relevant steps it has taken in line with its Action Plan.”

Macro Economy

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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