Ex-FATF president admits galvanizing intl. community against Iran

TEHRAN, Dec. 25 (MNA) – Former FATF President and the current Assistant Secretary for Terrorist Financing in US, Marshall Billingslea, admits in this video to have used the global anti-money laundering body as an opportunity to galvanize the international community against Iran.

“At the plenary this past June in Orlando, the FATF for the first time reimposed the financial countermeasures on Iran, calling on all jurisdictions in a mandatory fashion to require increased supervisory examination for branches and subsidiaries of Iranian banks,” says Marshall Billingslea in the video.

Iran’s Expediency Council is currently reviewing the two remaining FATF-related bills, namely the Palermo and CFT, that the country has been required by FATF to endorse, with the general atmosphere against the endorsement of the bills.

Those against the endorsement of the FATF-related bills say the move would impose further restrictions on Iran’s economic relations while the country is under US severe sanctions.

News Code 153707


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