Watchdog warns Iran to address money laundering, terror financing¤

October 12, 2007 11:46

An international financial watchdog said Friday that it was worried about Iran's lack of comprehensive measures to fight terror financing and money laundering. The Financial Action Task Force, a 26-nation Paris-based body, described the problem as "a significant vulnerability within the international financial system." It said it was asking its members' financial institutions to take the risk into account. The group said it "looks forward to engaging with Iran to address these deficiencies."

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