The Islamic Republic's Defense Minister opposes Iran's joining the FATF

The Minister of Defense of the Islamic Republic opposed Iran's joining the FATF (Financial Action Task Force on Money Laundering).

The Islamic Republic of Iran's membership in the Financial Action Task Force (FATF) has been a controversial issue in Iran, and Aziz Nasirzadeh, the Minister of Defense and Armed Forces Support, stated his opposition to Iran joining the group on Friday, February 28, at a ceremony held in Tehran, while pointing out that this issue is a tool to pressure Iran.

In his speech, he said: “Some say that if there is no FATF, our problems will not be solved. Whether we become a member or not, this issue is an excuse to put pressure on Iran.” He criticized Iran for being a constant member of the excuse-making of the West and the United States, adding: “No matter how much Iran relents, they will still find a new excuse.”

Nasirzadeh also stated: "US President Donald Trump should be mentioned in the FATF document, thirteen times, and the issue is not just nuclear. Now, you people, declare that negotiating with such an evil person is wise and intelligent."

The Financial Action Task Force announced in a report in July that Iran will remain on the group's blacklist in the fight against money laundering and terrorist financing.

The Financial Action Task Force (FATF) was established in 1989 by the G7 countries (the United States, Japan, Germany, France, the United Kingdom, Italy, and Canada). Its purpose is to establish international standards for combating money laundering and countering the financing of terrorism. Placing a country on the group's list can reduce investment in that country, make global institutions and banks wary of economic activities in that country, and also harm the country's exports.