Tehran, Oct. 25 -- The Financial Action Task Force (FATF) announced that Iran will continue to remain on its black list, citing the Islamic Republic's failure to fully comply with international anti-money laundering and counter-terrorism financing standards.
The decision came just days after Tehran's conditional accession to a key UN convention against terror financing, as per Israeli state media.
Amid some reprieve, Tehran had hoped that joining the UN Convention for the Suppression of the Financing of Terrorism (CFT) would help restore access to parts of the global banking system, which have now been put under lock and key following the renewal of international sanctions.
President Masoud Pezeshkian formally ratified Iran's accession t...