An Iranian Chamber of Commerce member said several tens of billions of dollars of the country’s money are blocked by countries like Russia, China, and India.
A member of the Iranian Chamber of Commerce told IRNA news agency on Thursday, January 24th, that several tens of billions of dollars of Iran’s money are blocked by countries like Russia, China, and India.
Abdollah Mohajer emphasized that re-approving the FATF bills could resolve more than 50% of the private sector’s challenges, and the opposition to its approval lacks expert backing.
The FATF is the main body for combating money laundering, financing terrorism, and the production and distribution of weapons of mass destruction.
Iran, along with North Korea and Myanmar, is on the FATF’s blacklist.
Opponents say joining the FATF is a betrayal to Iran and call it the second Turkmenchay, but supporters argue that without joining it, the country’s economic system is practically locked.
Masoud Pezeshkian, the President of Iran, says there is no choice but to solve the problem.
