FATF Ultimata to Iran and Pakistan threaten to cloud China’s FATF presidency
By James M. Dorsey A podcast version of this story is available on Soundcloud , Itunes , Spotify , Stitcher , TuneIn , Spreaker , Pocket Casts , Tumblr , and Patreon , Podbean and Castbox . China’s chairmanship of an international anti-money laundering and terrorism finance watchdog could put to the test the cohesiveness of global efforts to counter political violence with Iran and Pakistan hoping that they will be able to avoid blacklisting with China at the helm. China takes over the chairmanship of the Financial Action Task Force (FATF) in July, weeks after the group’s plenary in Orlando under the outgoing presidency of the United States gave Iran and Pakistan until October to meet the group’s standards or potentially face blacklisting. Both countries face potential sanctioning because they have failed to wholly implement measures and safeguards put forward by FATF. Struggling to diminish the impact of harsh US sanctions, Iran is likely to be less concer