{"id":32005,"date":"2020-02-22T07:56:46","date_gmt":"2020-02-22T12:56:46","guid":{"rendered":"https:\/\/africatodaynewsonline.com\/?p=32005"},"modified":"2020-02-22T09:00:45","modified_gmt":"2020-02-22T14:00:45","slug":"us-reacts-as-fatf-insists-iran-funds-terrorism","status":"publish","type":"post","link":"https:\/\/africatodaynewsnewyork.com\/2020\/02\/22\/us-reacts-as-fatf-insists-iran-funds-terrorism\/","title":{"rendered":"US Reacts As FATF Insists Iran Funds Terrorism"},"content":{"rendered":"
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The United States has commended the Financial Action Task Force (FATF) decision to keep\u00a0Iran<\/a> on list of countries with weak systems\u00a0against money laundering and terrorism financing.<\/strong><\/p>\n

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Secretary of State Mike Pompeo, expressed the position of the U.S. in a statement on Friday.<\/p>\n

FATF re-imposed countermeasures on Iran which include increased supervision of the foreign branches and subsidiaries of Iranian financial institutions.<\/p>\n

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Pompeo said Iran must face consequences for its continued failure to abide by international norms, in particular its inaction in ratifying the Palermo and Terrorist Financing Conventions.<\/p>\n

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Read Also: Terrorism Funding: Global Body, FATF Blacklists Iran<\/a><\/strong><\/p>\n

\u201cSince Iran\u2019s FATF action plan expired in 2018, Iran has failed to fulfill its commitments to adhere to the FATF\u2019s anti-money laundering and combating the financing of terrorism standards, including ratifying the UN Palermo and Terrorist Financing Conventions.<\/p>\n

\u201cThe regime needs to adhere to the basic standards that virtually every other country in the world agrees to.<\/p>\n

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\u201cIran must cease its reckless behavior and act like a normal nation if it wants its isolation to end\u201d, Pompeo noted.<\/p><\/blockquote>\n

FATF has 39 members and 11 have Iranian banks on their soil, according to the Foundation for the Defense of Democracies (FDD), a U.S.-based research institute.<\/p>\n

The countries are France, Germany, Greece, Hong Kong, Italy, Netherlands, Russia, Malaysia, South Korea, Turkey and the United Kingdom.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

AFRICA TODAY NEWS, NEW YORK<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The United States has commended the Financial Action Task Force (FATF) decision to keep\u00a0Iran on list of countries with weak systems\u00a0against money laundering and terrorism financing. Secretary of State Mike Pompeo, expressed the position of the U.S. in a statement on Friday. FATF re-imposed countermeasures on Iran which include increased supervision of the foreign branches […]<\/p>\n","protected":false},"author":2,"featured_media":32011,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[6928],"tags":[15469,15468,14840],"class_list":["post-32005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feature","tag-fatf","tag-financial-action-task-force","tag-united-states","pmpro-has-access"],"yoast_head":"\nUS Reacts As FATF Insists Iran Funds Terrorism - Africa Today News<\/title>\n<meta name=\"description\" content=\"The United States has commended the Financial Action Task Force (FATF) decision to keep\u00a0Iran on list of countries with weak systems\u00a0against money\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/africatodaynewsnewyork.com\/2020\/02\/22\/us-reacts-as-fatf-insists-iran-funds-terrorism\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Reacts As FATF Insists Iran Funds Terrorism - 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