Iran Anti Money-Laundering Effort Gets New Scrutiny, Group Says - Bloomberg

Iran Anti Money-Laundering Effort Gets New Scrutiny, Group Says - Bloomberg:

A multi-government group plans to boost oversight of Iran’s efforts to prevent money laundering as the U.S. said the Islamic Republic has shown a “willful failure” to stop illicit money flows and terrorist financing.

The multi-governmental Financial Action Task Force could seek “additional counter-measures” if Iran doesn’t curtail “systemic money laundering and terrorist deficiencies,” Treasury Secretary Steven Mnuchin said in prepared remarks for a speech on Friday in Orlando.

Mnuchin said the task force actions come in response to Iran’s “willful failure to address its systemic money laundering and terrorist financing deficiencies.”