Secretary-General of the Iran-Italy Chamber of Commerce: Although we were restricted by US sanctions, a number of Italian banks were working with our traders in a silent light, making the FATF issue extremely difficult so that the banks would also refrain from cooperating.

As far as I know, some believe that the implementation of the FATF will not affect Iran's economic situation. I disagree with this reading. The organization's sanctions have a direct impact on the economy of the sanctioned countries. This can be seen in practice. The FATF calls on its members to respect the laws they have adopted to impose sanctions on member states.