INSTEX Operation Linked to Abiding by FATF Rules, Setting Up Mirror Entity

The European mechanism to facilitate trade with Iran will not work until Tehran sets up a mirror company and meets international standards against money-laundering and terrorism financing, a French diplomatic source said.

“The Iranian mirror struct…

The European mechanism to facilitate trade with Iran will not work until Tehran sets up a mirror company and meets international standards against money-laundering and terrorism financing, a French diplomatic source said. “The Iranian mirror structure is not operational. The day they have...