October 22, 2007
Russia dismissed concerns by Group of Seven finance ministers and central bankers over Iran, after the group rebuked the country, calling on banks worldwide to be wary of risks of doing business with the Islamic republic.
The group has praised the Paris-based Financial Action Task Force, a 34-government agency also known as FATF, “for taking steps to protect the international financial system from the various money-laundering and terrorist-financing risks related to Iran,” the G-7 said in a statement on Oct. 19 in Washington.
“There are no such facts in Iran; such facts haven’t been established,” Russian Finance Minister Alexei Kudrin said in an interview in Washington on Oct. 21. “This issue was discussed without Russia’s participation.”
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