Mobile Menu - OpenMobile Menu - Closed

Congressman Sires Statement on the Financial Action Task Force's Decision on Iran

Jun 30, 2016
Press Release

Washington, D.C. – Today, Congressman Sires issued the following statement regarding the Financial Action Task Force’s decision to suspend its countermeasures against Iran for 12 months:

“While the Financial Action Task Force (FATF) has rightfully continued to blacklist Iran, I am concerned about their decision to suspend countermeasures for an entire year. Iran has merely passed legislation creating a framework to tackle money laundering and not shown any tangible efforts to implement such laws. Most troubling, the legislation creates a carve out for ‘foreign fighters.’ This stipulation shows that Iran is not at all serious about preventing money from being laundered to violent and extremist groups. Let us not forget that Iran continues to be the world’s foremost sponsor of terrorism. I urge the Administration and all our allies across the globe to continue their vigilance in thwarting Iran’s efforts to export terrorism and harm innocent civilians.”