International financial watchdog warns on Iran, North Korea
An international financial watchdog said on Friday member states should take action to ward off risks emanating from Iran and North Korea, which it said had failed to tackle money-laundering and financing of terrorism. The Financial Action Task Force, made up of 37 countries as well as the European Commission and Gulf Cooperation Council, said financial institutions should give special attention to business deals and transactions with Iran and North Korea. The FATF also expressed deep concern about financing for Islamic State insurgents who ...
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