Iran, Austria must counter financing for terrorism

Minister of Finance and Economic Affairs Ali Tayyeb-Nia says Iran and Austria need to enhance cooperation in the banking sector and work toward stopping the flow of financial aid to terrorists.

In a meeting with Austrian Finance Minister Hans-Joerg Schelling in Vienna on Saturday, Tayyeb-Nia outlined Iran’s steps to achieve economic development.

He also discussed measures taken by Iran through legal channels to obstruct money laundering as well as the delivery of financial aid to terrorists, and called for the expansion of bilateral cooperation in such areas.

Tayyeb-Nia proposed forming a special committee by Tehran and Vienna to accelerate the implementation of agreements reached between the two sides, removing certain problems caused as a result of international sanctions against Iran and helping Austrian companies in promoting cooperation with Tehran in the near future.

Schelling, for his part, welcomed the proposal and described it as an important measure to enhance economic cooperation between Tehran and Vienna.

The Austrian minister also expressed his country’s readiness to boost banking cooperation with Iran.

The Iranian and Austrian ministers also agreed to finalize agreements to avoid double taxation as soon as possible.

SS