EAG awards Tehran for contribution to fighting money laundering
The Eurasian group on combating money laundering and financing of terrorism (EAG) awarded its certificate of merit to the Islamic Republic of Iran for Tehran’s contribution to the activities and development of EAG on the occasion of its 20th anniversary.
According to IRNA, EAG Chairman Yuri Chikhanchin on Thursday signed the document as it is for the first time that a certificate has been awarded to Iran in recognition of these efforts.
The EAG is a FATF-style regional body which comprises 9 countries: Belarus, China, Kazakhstan, Kyrgyzstan, India, Russia, Tajikistan, Turkmenistan and Uzbekistan. EAG is an associate member of the FATF.
Iran has taken significant steps toward implementing the FATF’s action plan, including passing key legislation to align with international standards on anti-money laundering (AML) and countering the financing of terrorism (CFT).
Officials have expressed hope that these measures will improve Iran’s standing and facilitate its reintegration into the global financial system.