There is an urgent need for Iran to accept FATF

Mohammad Javad Zarif: We have no doubts that Europeans are partners with the US. But these Europeans have created a regulation and a mechanism to sidestep the US sanctions. In the world, the regulation that Europeans are formulating and the mechanism that they are creating is seen as the beginning of the end of the dominance of dollar over the global economy. We should not underestimate ourselves. I am not saying it will become fruitful tomorrow, I am not saying it will immediately come to fruition. But we should know what the Islamic Republic has been able to do. We should know what the JCPOA could do. But these Europeans tell us that ‘we need Islamic Republic of Iran to be a member of these conventions and accept the conditions of FATF so that we can implement this special financial mechanism for you’.

[Iranian Foreign Minister Mohammad Javad Zarif on why Iran has to accept the requirements of FATF to make it possible for Europeans to create a mechanism for sidestepping the US sanctions.]