Dec 05, 2018 09:34 Asia/Tehran

Iranian lawmakers on Wednesday approved an amendment to the first article of a bill on the country’s accession to Combating the Financing of Terrorism (CFT) treaty - a series of standards set by the FATF (Financial Action Task Force).

Iran Press /Iran news: During an open session of the parliament on Wednesday morning, the MPs discussed the points and ambiguities raised by the Council of Guardians about the CFT bill. Because of various flaws and ambiguities the CFT bill had been referred back to the parliament.

In Wednesday's session, chaired by Parliament Speaker Ali Larijani and attended by 207 lawmakers, an amendment to Article 1 of the bill was approved by 125 votes in favor, Iran Press reported.

The mentioned article will be sent to the Council of Guardians for approval.

The parliamentarians insisted on their legislation on Article 2 of the bill and did not approve objections raised by the Guardian Council.

Therefore, the Article 2 of the bill on Iran’s accession to CFT treaty will be sent to the Expediency Council for further scrutiny. 

Back on October 7, the Iranian Parliament had approved the bill on the country’s accession to the CFT treaty.

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Majlis votes to approve bill to join Combating the Financing of Terrorism (CFT)

To fulfill FATF requirements, President Hassan Rouhani’s administration has proposed four bills to the parliament for approval, two of which are still undecided, including the Palermo Convention.

Later, the Guardian Council’s spokesman, Abbasali Kadkhodaei, said that the council had examined the bill and decided it has some flaws and ambiguities, sending the bill back to the parliament for discussion.

Related News:

Guardian Council rejects bill on Iran joining the CFT

On June 10, the Iranian parliament passed a law allowing the country to join the United Nations Convention against Transnational Organized Crime (UNTOC), but decided to put on hold debates on accession to the Financial Action Task Force (FATF) for two months.

Iran’s parliament had in May adopted new amendments proposed by the government to the country’s Anti-Money Laundering (AML) law as part of efforts to improve links to international banking and trade system.

Combating the Financing of Terrorism (CFT) involves investigating, analyzing, deterring and preventing sources of funding for activities intended to achieve political, religious or ideological goals through violence and the threat of violence against civilians. 101/202/211


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