The latest battleground between the Iranian government and critical conservative political elements is being formed, and it’s money laundering. An increasingly volatile argument is developing over cooperation between the Iranian monetary authorities and the Paris-based Financial Action Task Force (FATF), an inter-governmental organization. Despite the government’s statements it’s hard to see how it can feasibly comply with the organization’s regulations.

The government sees cooperation with FATF, which monitors money laundering and terrorism financing worldwide, as essential to integrating with the international banking system, but opponents claim this would lead to disclosure of vital national financial information to the outside world and to a breach of national security. (CONTINUED - 1000 WORDS)