A pair of U.S. lawmakers are urging the White House to take a hard line against Iran during an upcoming summit of the international anti-money laundering and counterterrorism-financing watchdog.
Financial institutions in Iran have recently sought guidance from anti-money laundering consultants and attorneys in the United States amid a broader push by the Islamic Republic to reengage with the global banking system.
A global anti-money laundering watchdog on Friday temporarily suspended its call for countermeasures against Iran while keeping the nation on its blacklist of high-risk jurisdictions.
A Congressional committee on Thursday approved a measure that would require the U.S. Treasury Department to collect data on the assets of Iranian leaders held in the United States and abroad.
A regional anti-money laundering group will formally grant Iran observer status in June following the nations adoption of a counterterrorist financing law last month, according to an Iranian official.
Iran is in talks to begin working with an intergovernmental financial-crime watchdog as the country prepares for a potential rollback of international sanctions, an official with the organization said.
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