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FATF gifts expansion for Iran monetary changes

PARIS: The universal gathering that screens illegal tax avoidance around the world (FATF) said on Friday Iran had until February to finish changes that would bring it into line with worldwide standards or face outcomes.

“The Financial Action Task Force chose at its gathering this week to proceed with the suspension of counter-measures,” it said in an announcement.

“In any case, the FATF communicates its failure that most of the Action Plan stays extraordinary and anticipates that Iran will continue quickly in the change way.”

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