The world’s financial watchdog is poised to continue suspending punitive measures against Iran for six more months to avoid creating a new crisis at a time of political fragility inside the country and uncertainty over the fate of the landmark nuclear deal.
The Financial Action Task Force (FATF) is expected to announce the move Feb. 23 at the conclusion of its regular winter meeting.
Iran had hoped that the Paris-based body, which meets three times a year, would permanently lift so-called countermeasures in recognition of steps Tehran has taken in recent years to enact legislation barring terrorist financing and money laundering. But the Donald Trump administration opposes this, so punting until the next meeting in June is the most realistic outcome, experts say.
“Incentives line up in support of the status quo,” said a US financial expert who spoke to Al-Monitor on condition of anonymity for fear of jeopardizing the decision. The expert added that in an environment in which FATF recently criticized Ireland for not doing enough to combat financial crimes, it was unrealistic to expect that Iran would be given a clean bill of financial health.
AL-MONITOR All-Access gives you unlimited access to all our journalism, the full Daily Briefing, exclusive interviews, premium newsletters, and live events — for less than $2/week.