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World financial watchdog keeps punting on Iran

Iran had hoped to be removed from an international financial watch list but will have to settle for a continuation of an ambiguous status quo.

The world’s financial watchdog is poised to continue suspending punitive measures against Iran for six more months to avoid creating a new crisis at a time of political fragility inside the country and uncertainty over the fate of the landmark nuclear deal.

The Financial Action Task Force (FATF) is expected to announce the move Feb. 23 at the conclusion of its regular winter meeting.

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