The Financial Action Task Force (FATF) decided “to call upon its members and urge all jurisdictions to introduce enhanced relevant reporting mechanisms or systematic reporting of financial transactions; and require increased external audit requirements for financial groups with respect to any of their branches and subsidiaries located in Iran”. It further indicated that “if before February 2020, Iran does not enact the Palermo and Terrorist Financing Conventions in line with the FATF Standards, then the FATF will fully lift the suspension of counter-measures”. Foreign Minister Zarif characterised the decision “completely politically motivated”, adding that “for the sake of our own national interest, we have taken all the necessary steps to fight against the financing of terrorism and money laundering”.