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Iran approves anti-money laundering bill
January 7 , 2019
2150 days
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- The Iranian council known as the Expediency Council approved an anti-money laundering bill to ease trade.
- This bill will be in line with the standards set by the Financial Action Task Force (FATF).
- It is considered a major step towards reforms that would bring Iran into line with global norms and could facilitate foreign trade in the face of U.S sanctions.
- The FATF is an inter-governmental organisation that underpins the fight against money laundering and terrorist financing.
- Iran is alone with North Korea on the FATF’s blacklist.
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