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Pompeo says US will increase supervision of Iran-based financial entities

22 June 2019 05:09 (UTC +04:00)

The United States has boosted its military presence in the Persian Gulf in what US National Security Adviser John Bolton said was "a clear and unmistakable signal to the Iranian regime that any attack on the interests of the United States or [its] allies will be met with ruthless force", APA reports quoting Reuters.

US Treasury Secretary Steven Mnuchin said Friday that Iran’s financial system will soon face additional sanctions if Tehran doesn’t comply with international guidelines to tackle alleged money laundering, Fox News reported.

Mnuchin's comments at a 2019 summit for the Financial Action Task Force (FATF) came amid tensed relations between Washington and Tehran.

“The FATF responded to Iran’s willful failure to address its systemic money laundering and terrorist financing deficiencies by requiring increased supervisory examination for branches and subsidiaries of financial institutions based in Iran and calling for additional counter-measures to be re-imposed if Iran does not make further progress”, Mnuchin said, cited by Fox News.