In an article published in the reformist "Arman Milli" newspaper, economic researcher Babak Aliari expressed his belief that Tehran's stay on the blacklist - due to the failure to ratify the laws of the Financial Action Task Force (FATF) related to combating money laundering and terrorist financing - represents a real complex that has incurred The national economy suffers heavy losses, perhaps the most prominent of which is the deprivation of Iran's presence in international exchanges.
In February 2020, the FATF group returned Tehran to the blacklist.
bulk losses
The writer touched on the most prominent losses incurred by the Iranian economy as a result of not joining the FATF laws, stressing that the inclusion of the country in the blacklist aborts the enthusiasm of friendly countries that wish to trade with Iran, because one of those laws is related to money laundering, and this is what makes cooperation with Iran A risk for foreign companies that fear accusations of money laundering and international sanctions.
And if the failure to ratify the FATF laws negatively affects oil exports and others, its repercussions will worsen with the prolongation of the sanctions - and the words of the writer Babak Aliari - in addition to that Iran will completely lose its ability to return the revenues of its exports to the country.
Referring to the obstruction of the flow of hard currency into Iran in light of Tehran's failure to ratify financial transparency laws, the economic researcher explains that the country's stay on the blacklist will prevent global financial circles, including the International Monetary Fund, from dealing with Iran or financing it with loans.
Aliyari recalls the decline in foreign investments in the country following the US withdrawal from the nuclear agreement, and warns of the possibility that consumption will outpace investment at the expense of investment during the coming period, stressing that according to available statistics, Afghans top the list of foreign investments in Iran in light of the departure of foreign capital from it.
Keeping Iran on the blacklist will prevent the global financial community from dealing with Tehran or financing it with loans (Al-Jazeera)
controversial items
The writer reveals that the dispute between his country and the Financial Action Group does not exceed only 4 items out of 44 items that represent international standards for combating money laundering, financing terrorism, the proliferation of weapons of mass destruction, and other matters recommended by the international organization, stressing that Tehran practically agrees to 40 items of the laws Fatv.
The writer recommends that the Iranian authorities work to ratify the controversial items with the Financial Action Group to benefit from the benefits of the international economy, stressing that the reports of the Iranian Customs Authority show a decline in the number of Tehran's trade partners from 28 countries in 2001 to 9 partners during the past three years.
Aliari refers to the measures that the Iraqi government intends to implement to limit the flow of US dollars to Iran, following the intention of the US side to impose sanctions on more than 15 private Iraqi banks.
He stresses that if the Iraqi side prevents the flow of dollars to Tehran, the Iranian government will find itself forced to focus more on taxes, describing the chances of success of the tax collection policy as "slim", because the people who do not profit will not pay taxes.
The Financial Action Task Force had temporarily suspended the sanctions imposed on Tehran in 2016, after it signed the nuclear agreement with the six-party group (1 + 5), and mortgaged Tehran's final exit from the list on its acceptance of all prevailing laws and decisions of the international community.