A global financial watchdog on Friday warned Iran to clamp down on terrorism financing by February or face a deeper squeeze on its sanctions-hit economy.
The Islamic republic, already hurt by a resumption of US sanctions over its past nuclear programme, this month approved one bill to help meet demands imposed by the international Financial Action Task Force (FATF). FATF, following a meeting at its Paris headquarters this week, welcomed the legislation and extended a suspension of counter-measures that has allowed Iran to escape further isolation from international finance.