Iran and Russia discuss joint efforts to combat money laundering

Iranian and Russian officials had met on the sidelines of the 36th plenary meeting of the Eurasian Group for Combating Money Laundering and Terrorism Financing in Tashkent, Uzbekistan.

During the meeting, Yuri Chikhanchin, director of Russia’s Federal Financial Monitoring Service, known as Rosfinmonitoring, argued for increased cooperation with Iran on money laundering issues.

Chikhanchin insisted that such cooperation will strengthen the joint efforts of Iran and Russia to offset the economic impacts of the sanctions imposed on them by the United States and its allies.

Chikhanchin said Iran and Russia had grown closer to each other because of the sanctions and insisted they should share intelligence and technical expertise as well as the physical infrastructure used to strengthen their repression of money laundering.

He made the comments during a meeting with the head of the financial information department of the Iranian Ministry of Finance, Hadi Khani.

Khani, for his part, welcomed the proposal for increased cooperation on financial oversight issues between Iran and Russia.

Iran has faced a series of US sanctions since 2018, when Washington withdrew from the Iran nuclear deal, known as the JCPOA.

Russia has been under a similar set of sanctions from the West since February, when it embroiled itself in a military conflict in Ukraine.