Iran says US sanctions intended to derail efforts to save nuclear deal

From left, French Foreign Minister Jean-Yves Le Drian, German Foreign Minister Heiko Maas and Iranian Foreign Minister Javad Zarif walk, during a meeting of the foreign ministers from Britain, France and Germany with the Iran Foreign Minister and EU foreign policy chief Federica Mogherini, at the Europa building in Brussels, Tuesday, May 15, 2018. (AP/Olivier Matthys, Pool)
Updated 16 May 2018
0

Iran says US sanctions intended to derail efforts to save nuclear deal

  • Iran has described the new US sanctions as illegal and has warned that if talks to rescue the accord fail, it would ramp up its nuclear program to a level more advanced than before

LONDON: Iran said on Wednesday that new sanctions imposed on it by Washington were an attempt to derail efforts to save the 2015 nuclear deal by its remaining signatories following the US withdrawal from the accord.
The US Treasury on Tuesday imposed sanctions on Iran’s central bank governor, three other individuals and an Iraq-based bank, a week after US President Donald Trump abandoned the deal Iran signed with world powers to curb its nuclear program.
Iran has described the sanctions as illegal and has warned that if talks to rescue the accord fail, it would ramp up its nuclear program to a level more advanced than before.
“With such destructive measures, the American government is trying to influence the will and decision of the remaining signatories of the JCPOA (nuclear agreement),” Iranian Foreign Ministry spokesman Bahram Qasemi was quoted as saying by Fars news agency.
British, French and German foreign ministers met in Brussels on Tuesday to see how they can save the nuclear deal without the United States, but appeared hard-pressed over how their companies could continue doing business with Iran once Washington begins to reimpose sanctions.
Iranian Foreign Minister Mohammad Javad Zarif said the meeting had been a good start, but he wanted to see guarantees materialize.
The Europeans and Iranians have now tasked experts to come up with measures quickly and will meet again in Vienna next week.


Anti-money-laundering body gives Iran until February to complete reforms

Updated 23 min 3 sec ago
0

Anti-money-laundering body gives Iran until February to complete reforms

  • The Financial Action Task Force said it was disappointed that Tehran had acted on only nine out of 10 of its guidelines despite pledges to make the grade

PARIS: The international group that monitors money laundering worldwide said on Friday Iran had until February to complete reforms that would bring it into line with global norms or face consequences.
The Paris-based Financial Action Task Force said after a meeting of its members that it was disappointed that Tehran had acted on only nine out of 10 of its guidelines despite pledges to make the grade.
“We expect Iran to move swiftly to implement the commitments that it undertook at a high level so long ago,” said Marshall Billingslea, the US assistant Treasury Secretary for terrorist financing, after chairing an FATF meeting.
“In line with that, we expect that it will have adopted all of these measures by February. If by February 2019 Iran has not yet done so, then we will take further steps,” he said.
In the meantime, the FATF said it had decided to continue suspending counter-measures, which can go as far as limiting or even banning transactions with a country.
Iran’s parliament approved some new measures against funding terrorism earlier this month under pressure to adopt international standards. But FATF said that it could only consider fully enacted legislation.
Members of FATF had already given Tehran until this month to bring its laws against money-laundering and funding of terrorism up to its guidelines.
Otherwise, Iran risked being returned to a blacklist of non-compliant countries that makes foreign investors and banks reluctant to deal with it.
Britain, France and Germany are trying to keep some financial channels open to Iran after the US pulled out of a 2015 nuclear deal in May and re-imposed sanctions.
Analysts say that inclusion on the FATF’s blacklist could effectively make that all but impossible.