The Financial Action Task Force (FATF) reinstated sanctions against Iran on Friday, saying it has not taken sufficient measures against money laundering and the financing of terrorist groups.
In a statement issued after a meeting in Paris, the financial crime watchdog announced it was lifting a sanctions suspension granted in 2016 to give Iran time to adhere to international norms.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)