Minister says Iran pursuing suspension of FATF countermeasures ‘based on national interests’

Iranian Minister of Economy Abdol-Nasser Hemmati said the country is taking the necessary steps to suspend Financial Action Task Force (FATF) countermeasures and lift financial restrictions on the country based on Iran’s national interests.

News ID: 5364

Date: 05 November 2024 - 07:55

TABNAK, Nov, 05 :The ministry is pursuing suspension of the FATF countermeasures based on national interests, he wrote on his X account.

He further said that normalization of Iran's case in FATF means removal of monetary and financial restrictions of 200 countries and international organizations against all Iranian natural and legal entities and neutralizing the project of isolating the monetary and financial system of our country by America and its allies.

He further said normalizing the banking relations of Iranians, from students to businessmen and economic activists all over the world and increasing costs for US government in case of threatening and bribing countries and international institutions to implement sanctions against Iran are other moves to normalize Iran’s case in the FATF.

"The Ministry of Economic Affairs and Finance will carry out the necessary follow-ups and take necessary measures to remove the restrictions and suspend the countermeasures of the "Financial Special Action Group" (FATF) based on the national interests of our country," he reiterated.