19 Apr 2024
Sunday 7 October 2018 - 10:43
Story Code : 322305

Iranian MPs begin session to review bill on Irans CFT accession


MNA The Iranian Parliament held an open session in the morning to review a bill on Irans accession to Combating the Financing of Terrorism (CFT).







Parliament's open session on Sunday morning was attended by Parliament SpeakerAli Larijani, Acting Minister of Economic Affairs and Finance Seyyed Rahmatollah Akrami, Foreign Minister Mohammad Javad Zarif, Intelligence MinisterSeyyed MahmoudAlavi, Governor of Central Bank of Iran (CBI) AbdolnaserHemmati, Vice-President for Legal AffairsLayaJoneydi, Deputy Foreign Minister for Political AffairsAbbasAraghchi andSpokesman for the Atomic Energy Organization of Iran (AEOI)BehrouzKamalvandi.

National Security and Foreign Policy Committee also held a closed session in the morning, during which the MPs reviewed Irans accession to Combating the Financing of Terrorism (CFT).

A large number of students from various universities in Tehran gathered in front of the Iranian Parliament on Sunday morning to protest against thedecision to review Iran's accession to three FATF-relatedbills, United Nations Conventionagainst Transnational OrganizedCrime (known as Palermo bill),Combating the Financing of Terrorism (CFT) andMoney Laundering Act. The bills are conditions made by FATF to let Iran quit the blacklist of high-risk countries of the Financial Action Task Force.

Back in June, 2018, members of the Iranian Parliament discussed the CFT accession bill, which is one of the four bills proposed by the government on Irans adopting the FTAF standards, but shelved it for two months.

The Parliament also approved a bill on the countrys accession to the United Nations Convention against Transnational Organized Crime, also known as Palermo Convention, but the bill was rejected by the Guardian Council. Then the Parliament insisted on its decision, and the case has been referred to the Expediency Council to make the final decision.

The same thing happened to an amendment to the anti-money laundering law of the Islamic Republic, which was proposed by the government, approved by the Parliament, but rejected by the Guardian Council. This one has also been rejected by the Expediency Council.

Meanwhile, the fourth bill, which was an amendment to the countrys law against financing terrorism, was approved by the Parliament and the Guardian Council, and signed into law by President Hassan Rouhani.




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