EAG supports Tehran’s efforts to exit FATF high-risk list
The Eurasian group on combating money laundering and financing of terrorism (EAG) issued a statement welcoming Iran’s efforts to strengthen its national anti-money laundering (AML) and counter-terrorism financing (CTF) systems.
The group reaffirmed its commitment to providing technical assistance to help Iran exit the Financial Action Task Force’s (FATF) high-risk countries list, according to a report by IRNA on Sunday.
Iran’s representatives presented detailed updates on the country’s AML and CTF measures, particularly over the past two years, during EAG meetings.
Key EAG members, including Russia, Belarus, India, China, Kyrgyzstan, Kazakhstan, Tajikistan, Turkmenistan, and Uzbekistan, along with observer members such as Japan, which chairs the Asia-Pacific Group (APG) on money laundering, expressed their support for Iran’s actions.
They pledged to offer technical assistance to facilitate Iran’s removal from FATF’s high-risk category.
The statement from the EAG’s plenary session, held Friday, emphasized the commitment to technical support. This statement was officially published on the EAG’s website.
“The plenary session recognized Iran’s efforts to enhance its AML and CTF frameworks and decided to provide technical assistance to support Iran’s progress reporting to the FATF’s International Cooperation Review Group (ICRG) and aid in its removal from the high-risk list,” the statement said.
This decision was made in the presence of other observers, including the World Bank, International Monetary Fund, Shanghai Cooperation Organization, UN committees, FATF, Asian Development Bank, the United States, Japan, the UAE, and others.