A regional affiliate of the Financial Action Task Force has granted observer status to Iran following the nations adoption earlier this year of a law meant to prevent the funding of terrorism.
Several financial institutions in the European Union and Asia are "ring-fencing" their American employees and taking other preliminary steps to reengage with Iran months after economic sanctions were eased under a global nuclear accord.
Several U.S. banks are rejecting or blocking transactions involving dozens of entities removed from Western blacklists in January over concerns that the parties may have ties to the Iranian government.
Iran's recent steps to bolster its controls against money laundering and terrorist financing have resulted in few returns from wary global financial institutions, the country's top banking regulator said Friday.