IFP Exclusive

Iran Gov’t Urges Quick Approval of FATF as Deadline Approaches

A senior government official has argued for quick approval of two parliamentary bills required for Iran to get out of the blacklist of the global anti-money laundering body (FATF), saying Iran should not put its foreign relations at risk at a time when the US is bent on hurting the country’s foreign relations.

Laya Joneydi, the vice president for legal affairs, made the statement on Wednesday, while speaking to reporters after a Cabinet meeting.

Out of four parliamentary bills required for Iran’s accession to the Financial Action Task Force (FATF), only two of them have so far gone into effect and the fate of the other two are still in limbo.

A bill amending Iran’s Combating the Financing of Terrorism (CFT) law and a bill on Iran’s accession to the United Nations Convention against Transnational Organized Crime are still problematic in the eyes of the Guardian Council, the legislative watchdog.

The FATF announced late last year it extends the deadline for Iran to complete reforms to meet conditions for getting out of the body’s black list until the February meeting.

The upcoming Financial Action Task Force meeting is to be held in Paris on February 17-22.

No Iranian representative will attend the upcoming FATF meeting.

 

Deadline Likely to Be Extended

Joneydi said it is likely that the global anti-money laundering body extends Iran’s deadline to meet the body’s conditions, but the Expediency Council ought not to take the risk.

Ayatollah Mohsen Shabestari, a member of Iran’s Expediency Council, announced on Wednesday the bill on Iran’s accession to Palermo Convention is to be discussed in the council Saturday, expressing hope it will be approved.

In the last meeting of the council, several commissions had expressed a negative view on the approval of the bills.

Iran’s accession to the G7-created FATF has faced problems over concerns among some officials that the move could endanger Iran’s national security and economic interests.

This is while proponents of the FATF accession say the measure would smooth the path for Iran’s increased financial transactions with the world and allow Iranian financial sector to function more easily in the international economy.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Unscheduled visit by Qatari prime minister to Tehran sparks speculation

Reports emerged by Iranian daily Donya-e Eqtesad suggest that the Qatari Prime Minister and Minister…

18 hours ago

ICC issues arrest warrant for Netanyahu, Gallant for ‘war crimes’ in Gaza

The International Criminal Court (ICC) has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu,…

18 hours ago

Iran to respond to Europe’s “non-technical” move: Foreign Minister

As France, Germany, and the United Kingdom submit an anti-Iran draft resolution to the International…

19 hours ago

President Pezeshkian criticizes western hypocrisy on human rights

During his visit to Sistan and Baluchestan province, Iranian President Masoud Pezeshkian delivered sharp criticism…

19 hours ago

Nearly 90 killed in Israeli attacks on Gaza

Israel has unleashed a series of air attacks on the Gaza Strip that killed nearly…

19 hours ago

Anti-Iran human rights resolution at UNGA politically-motivated: Spokesman

Foreign Ministry Spokesman Esmaeil Baghaei has censured as politically-motivated and unjustified the adoption of a…

20 hours ago