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Iran Tops List of Countries Financing Terrorism

The Financial Action Task Force, an international watchdog group, issued a report on Thursday listing countries that have failed to stop the financing of terrorism and money laundering. Iran topped the list. Other countries included were Angola, Pakistan, North Korea, Ethiopia, Turkmenistan and Ecuador.

The group stated that it “remains particularly concerned about Iran’s failure to address the risk of terrorist financing and the serious threat this poses to the integrity of the international financial system.”

Created in 1989, the Financial Action Task Force is an inter-governmental body representing 34 countries that promotes policies to combat money laundering and terrorist financing.

The report warned investors and businesses dealing with Iran to watch their assets for possible links to “money laundering and financing of terrorism.” It called on all the countries in the report to increase their patrolling of their financial system.

See more at NYTimes.


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