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Weekly Roundup: Iranians Invest in Georgia to Bypass Sanctions, FATF Publishes Plenary Meeting Results, and More
printThe Paris-based Financial Action Task Force (FATF) concluded a plenary meeting Friday, citing problems with the anti-money laundering (AML) regimes of Algeria and Antigua and Barbuda. Algeria must adequately criminalize terrorist financing and establish a means to freeze terrorist assets, the organization said. Antigua and Barbuda must expedite word on a FATF-approved action plan, said FATF. More The U.S. Treasury Department is monitoring a recent spike in Iranian investments in country of Georgia, The Wall Street Journal reported Thursday. Iran's Islamic Revolutionary Guard Corps has opened 150 shell companies in Georgia to skirt sanctions, and Iranian nationals have purchased a...
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