A multinational task force said Friday it is keeping Iran on a financial blacklist for failing to take action to head off funds flowing to terrorists.
The 38-nation Financial Action Task Force (FATF) said it will require more onerous financial oversight if Tehran fails to meet an October deadline for improving its controls.
"The FATF expects Iran to proceed swiftly in the reform path to ensure that it addresses all of the remaining items," according to the statement, while welcoming "high-level political commitment" to repair the deficiencies.
Treasury Secretary Steven Mnuchin in a speech Friday called out Iran's "willful failure to address its systemic money laundering and terrorist financing deficiencies."
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