WANA:

The Financial Action Task Force (FATF) announced on Friday that it has rejected Iran’s approval of the Palermo Convention due to Tehran’s extensive reservations regarding the definition and identification of terrorist groups.

According to a statement published on the FATF website, Iran submitted a report in September 2025 detailing its ratification of the United Nations Convention against Transnational Organized Crime (Palermo Convention).

While the FATF acknowledged receiving Iran’s report and engagement, it stated that Iran’s reservations to the convention are excessively broad and that the country’s domestic implementation of the Palermo Convention does not meet FATF standards.

The FATF also noted that Iran has failed to implement most of its action plan since 2016.

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