Iran reformists urge concessions in attempt to reconnect to west

Decision expected in next week that could allow country to rejoin international banking system

Iran’s reformists are pressing for the country to make concessions on financial transparency to allow it to reconnect to the global economic system and send a signal to the Trump White House that it is serious about renegotiating a new relationship with the west, including around its nuclear programme.

Tehran is expected in the next week to take decisions that would mean it would be taken off the blacklist of the Paris-based Financial Action Task Force (FATF), the body that tackles money laundering and terrorist financing.