The FATF on Friday gave Iran a new deadline until February to comply with international standards against money laundering and terrorism financing, extending the suspension of sanctions against Iran, which has been in force for nearly two years.
The Financial Action Task Force said on its sidelines in Paris that it expressed "disappointment" at the position of Iran, the only country with North Korea on its black list of non-cooperative countries.
The main objective of this group is to coordinate the fight against money laundering and the financing of terrorism.
The United States has committed itself to implementing an "action plan that ended in January," said Marshall Pillingly, who is currently taking the rotating presidency of the group at a press conference in the French capital.
"We are now in October and the FATF has found that Iran has not complied with nine out of ten points included in this action plan," he said.
He expressed the hope that Tehran would abide by next February.
"If Iran does not approve these measures by next February, we will make decisions to protect ourselves from the dangers that might result from Iran's loopholes," he said.
