FATF St a t e m e n t 2 6 Ju n e 2 0 0 9
I RAN
The FATF rem ains concerned by I ran’s failure t o m eaningfully address t he ongoing
and subst ant ial deficiencies in it s ant i- m oney laundering and com bat ing t he financing
of t errorism ( AML/ CFT) regim e. The FATF rem ains part icularly concerned about I ran’s
failure t o address t he risk of t errorist financing and t he serious t hreat t his poses t o t he
int egrit y of t he int ernat ional financial syst em . The FATF urges I ran t o im m ediat ely and
m eaningfully address it s AML/ CFT deficiencies, in part icular by crim inalising t errorist
financing and effect ively im plem ent ing suspicious t ransact ion report ing ( STR)
requirem ent s.
The FATF reaffirm s it s call on m em bers and urges all j urisdict ions t o advise t heir
financial inst it ut ions t o give special at t ent ion t o business relat ionships and
t ransact ions w it h I ran, including I ranian com panies and financial inst it ut ions. I n
addit ion t o enhanced scrut iny, t he FATF reaffirm s it s 25 February 2009 call on it s
m em bers and urges all j urisdict ions t o apply effect ive count er- m easures t o prot ect
t heir financial sect ors from m oney laundering and financing of t errorism ( ML/ FT) risks
em anat ing from I ran. FATF cont inues t o urge j urisdict ions t o prot ect against
correspondent relat ionships being used t o bypass or evade count er- m easures and
risk m it igat ion pract ices, and t o t ake int o account ML/ FT risks when considering
request s by I ranian financial inst it ut ions t o open branches and subsidiaries in t heir
j urisdict ion.
The FATF rem ains prepared t o engage direct ly in assist ing I ran t o address it s AML/ CFT
deficiencies, including t hrough t he FATF Secret ariat .
UZBEKI STAN
The FATF welcom es t he significant recent st eps t hat Uzbekist an has t aken t o rest ore
and st rengt hen it s AML/ CFT regim e and t akes not e of t he act ion plan for furt her st eps
t hat it has art iculat ed. FATF urges Uzbekist an t o cont inue it s progress t owards
com plet ing it s legislat ive fram ew ork and im plem ent ing an AML/ CFT regim e t hat
m eet s int ernat ional st andards. Given t hat im plem ent ing regulat ions are not yet
TURKM EN I STAN
The FATF welcom es Turkm enist an’s recent progress in adopt ing AML/ CFT
legislat ion. Given t hat deficiencies rem ain in Turkm enist an’s AML/ CFT regim e, FATF
reit erat es it s 25 February 2009 st at em ent inform ing financial inst it ut ions t hat t hese
deficiencies const it ut e an ML/ FT vulnerabilit y in t he int ernat ional financial syst em and
t hat t hey should t ake appropriat e m easures t o address t his risk. Turkm enist an is
urged t o cont inue t o t ake st eps t o im plem ent an AML/ CFT regim e t hat m eet s
int ernat ional AML/ CFT st andards. Turkm enist an is st rongly encouraged t o cont inue
t o work closely wit h t he Eurasian Group and t he I nt ernat ional Monet ary Fund t o
achieve t his.
PAKI STAN
The FATF welcom es Pakist an’s recent accession t o t he I nt ernat ional Convent ion for
t he Suppression of t he Financing of Terrorism . However, t he FATF rem ains
concerned about t he ML/ FT risks posed by Pakist an and reaffirm s it s public st at em ent
of 28 February 2008 regarding t hese risks. The FATF welcom es t he process
underw ay in Pakist an t o im prove it s AML/ CFT regim e. The FATF encourages Pakist an
t o cont inue t o fully co- operat e wit h t he World Bank and t he Asia Pacific Group on
Money Laundering ( APG) on it s m ut ual evaluat ion process.
SÃO TOM É AN D PRÍ N CI PE
The FATF welcom es São Tom é and Príncipe’s cont inuing effort s t o im plem ent it s AML
law. The FATF rem ains concerned about t he significant deficiencies in São Tom é and
Príncipe’s AML/ CFT regim e, part icularly relat ing t o t errorist financing. The FATF
urges São Tom é and Príncipe t o work wit h t he I nt er Governm ent al Act ion Group
against Money Laundering in West Africa ( GI ABA) t o address t he rem aining AML/ CFT
deficiencies.
