FATF meets to discuss Iran's breach of money laundering and support for terrorism

Iran Delays the FATF Vote

FATF meets to discuss Iran's breach of money laundering and support for terrorism

A scene of the Financial Action Task Force on Money Laundering (FATF) meeting

On Sunday, June 10, the regime’s parliament voted to postpone the vote to add the Iranian regime to the Financial Action Task Force (FATF) for two months. The regime is waiting for the results of ongoing negotiations with Europe before making a decision.

The goal of the FATF is to disrupt money laundering and funding for terrorist groups. Regulations made by the convention will lead to substantial restrictions to the Iranian regime’s banking systems.

The state daily publication Vatane Emruz reported on the regime’s negotiations to join the FATF. The regime’s deputy economy minister was reported by Vatane Emruz as saying, “We cannot neglect the FATF and say we will not join the convention. The FATF is an internationally recognized framework and if we intend to work with the world’s bank we are forced to adapt ourselves to its conditions.”

The mouthpiece of Supreme Leader Ali Khamenei,

Kayhan daily said the following: “Joining the FATF will provide new legal tools at our enemies’ disposal, establish a world consensus against the state and realize increasing sanctions against the country’s state institutions, such as the Revolutionary Guards (IRGC)… Will this not lead to a blow to the heroic [Lebanese] Hezbollah and the state’s strategic depth?

“The U.S. is seeking to overthrow us; Europe pursues its own economic interest and stopping our missile and regional power; and the FATF will provide tools to these powers that are looking to gain influence over our economic/political security and regional influence.”


A faction in the regime’s parliament that is close to Khamenei issued their own statement which said:

“Bearing in mind the fact that the world’s major powers consider the Lebanese Hezbollah, Hamas in Palestine, Yemen’s Ansarollah [Houthis], Iraq’s Hashd al-Shaabi (Popular Mobilization Forces) and other similar groups as terrorist entities, and instead at least covertly support the [PMOI/MEK], joining the FATF will render endless international measures and increasing sanctions against a variety of our state entities, including the IRGC. Our state institutions and officials will be divided into two classifications of sanctioned and non-sanctioned entities. As a result, there will also be entities sanctioned inside the country. At the end of the day, Iran’s dossier will be referred to The Hague and United Nations Security Council.”

The regime’s precarious position in regards to the FATF was further illustrated by the Mostafa Kavakabian, a regime MP who was quoted as saying:

“If we choose not to join this convention, we will not be able to monitor the hypocrites, or the so-called People’s Mojahedin Organization [MEK], in any country. However, by joining [the FATF] we can pursue the measures taken across the globe against the Islamic Republic, our country, our national interests,” said regime lawmaker Mostafa Kavakebian, one of most senior MPs in regime’s parliament.

By joining the FATF, the regime will face mounting financial pressure to address its sponsorship of terrorism, including sanctions on a number of its institutions, such as the Revolutionary Guards. But the regime is so threatened by the MEK that it may join the organization anyway, in the hope that it might use its membership to monitor the MEK, which has become even more of a concern to Tehran in the wake of the massive uprising began last December and continues today.


Although the regime claims that the MEK has no following within Iran and is on the verge of failure, it is willing to consider joining the FATF against its own interests in order to monitor the organization. It would appear that the regime believes that the MEK has more power than they are willing to acknowledge.

Staff Writer



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