The Financial Action Task Force (FATF) decided “to continue the suspension of counter-measures [against Iran], with the exception of the FAFT calling upon members and urging all jurisdictions to require increased supervisory examination for branches and subsidiaries of financial institutions based in Iran”. Treasury Secretary Mnuchin remarked that “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”. Secretary of State Pompeo also noted the decision, stating that “Iran regularly seeks to use deception and subterfuge to fund its illicit activities” and contending that “the IRGC’s illicit financing schemes are facilitated at the highest levels of Iran’s government. The international community has made clear that Iran must live up to its commitments to behave like a normal nation”. Pompeo went on to say that “Iran must ratify the Palermo and Terrorist Financing Conventions in line with the FATF standards or face additional measures”.