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FATF reinstates sanctions against Iran

Last Updated : 21 February 2020, 20:10 IST
Last Updated : 21 February 2020, 20:10 IST

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The Financial Action Task Force (FATF) reinstated sanctions against Iran on Friday, saying it has not taken sufficient measures against money laundering and the financing of terrorist groups.

In a statement issued after a meeting in Paris, the financial crime watchdog announced it was lifting a sanctions suspension granted in 2016 to give Iran time to adhere to international norms.

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Published 21 February 2020, 20:10 IST

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