Hassan Hani-Zadeh, an expert on international affairs, said on Sunday that the Financial Action Task Force on Money Laundering (FATF) is on the surface a tool for fighting laundering, but in essence it’s just an espionage apparatus, Fars reported.

Hani-Zadeh further said FATF is a Western economic and financial surveillance system, underlining that by joining FATF, Iran has legalized West’s espionage on its banking system.

“One thing which is obvious is that this organization has been founded in order to gather intelligence on financial activities of Islamic countries,” he added.

The world’s anti-money laundering body has suspended some of its bans against Iran, after the Islamic Republic showed commitment to legitimate business.

The FATF lauded Iran’s commitment to an action plan to address shortcomings in its anti-money laundering policies and its decision to seek assistance with the implementation.

The Central Bank of Iran (CBI) has recently vowed to protect people’s banking information in transactions with the Financial Action Task Force.

The governor of CBI, Valiollah Seif, two months ago said that Iranian people’s bank accounts information will not be passed on the FATF and will remain safe.

Senior Iranian officials have frequently complained that Washington is not fulfilling its part of the nuclear deal and have accused Western countries of not taking necessary measures which make financial institutions not have transactions with Iran.