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FATF Must Renew Financial ‘Countermeasures’ Against Iran: US Lawmakers

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. In a June 9 letter obtained by ACAMS moneylaundering.com, Reps. Ed Royce (R-CA) and Eliot Engel (D-NY), the chairman and ranking member of the House Foreign Affairs Committee, respectively, press Treasury Secretary Steven Mnuchin to lobby the Financial Action Task Force to keep Iran on its blacklist of high-risk and noncooperative jurisdictions at meetings that begin Sunday in Valencia, Spain. The lawmakers also urge the White House to ensure that Iran...

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