FATF deadline: Iran’s banking system has 40 days to avoid isolation and sanctions

Not too far from the Eiffel Tower in Paris, at the headquarters of the 36-nation Organization for Economic Co-operation and Development (OECD), is the secretariat of a powerful, influential, but little-known organization. Iran has less than 40 days to address nine incomplete action items or face blacklisting and counter-measures by the FATF. However, Iran faces a puzzling dilemma

There is an intense fight between the administration and its conservative opponents over adopting the financial reforms proposed by FATF. 

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