Laya Joneydi: Joining FATF Would Prevent U.S. Sanctions against Iran from Becoming Global Sanctions
Monday, 13 January 2020 - 06:23 PM
Laya Joneydi, a legal deputy to Iranian President Rouhani, said in a December 31, 2019 interview on IRINN TV (Iran) that the current economic sanctions on Iran are harsher than they have been in the past and that joining the FATF AML/CFT conventions is likely to prevent the situation from getting worse by removing suspicion from Iran's trade deals. She said that joining the conventions would enable Iran to use national currencies and prevent the American sanctions against Iran from becoming global sanctions. Joneydi argued that an economy as large as Iran's cannot be severed from the international banking system, and she pointed out that the additional risk in banking with Iran might prevent China, Russia, and other countries that support Iran from trading with it if it does not join the AML/CFT. The interview aired few days before the killing of Qasem Soleimani.