<span style="color: #222222;">The Financial Action Task Force (FATF) has extended the deadline for Iran to fix its anti-money laundering and terrorism financing rules till June 2019.</span><br />'' <br />'' <span style="color: #222222;">While welcoming the passage of the Anti-Money Laundering Act in Iran, the FATF in a statement expressed its disappointment that the Action Plan still remains outstanding. </span><br />'' <br />'' <span style="color: #222222;">In October last year, the Paris based global watchdog had given Iran a February deadline to complete an Action Plan of reforms that would bring it in line with global norms, or face consequences.</span><br />'' <br />'' <span style="color: #222222;">If Iran does not enact the remaining legislation in line with FATF Standards by June, the watchdog will require increased supervisory examination for branches and subsidiaries of financial institutions based in Iran. </span><br />''