Iran's vice president in Legal affairs Laya Joneydi called for acceleration of decision making process to deal with Palermo Convention.

Iran Press/Iran news: Iran's vice president in Legal affairs Laya Joneydi asked for more speed in dealing with the United Nations Convention against Transnational Organized Crime (UNTOC) known also as Palermo Convention.

According to Iran Press, Iran's top official went on to say that with anti-money laundering bill passed by Iran's expediency council, it should be determined as soon as possible whether Iran is to join the Palermo Convention as well as Combating the Financing of Terrorism known as (CFT) or not.

Joneydi added that right now the working group session has been formed in order to study more about the possibility of Iran's joining process to the United Nations Convention against Transnational Organized Crime and everybody is waiting to see it to be raised on the expediency council floor.

Calling the significance of passing conventions such as (CFT) as the key to pave the ground for Iran's joining to the Financial Action Task Force (on Money Laundering) (FATF) and as the factor to ease activation of Europe's Special Purpose Vehicle, Joneydi also asked for further acceleration on amendment as well as its ratification.

 

 

Earlier On 5 January 2019, the Guardian Council spokesman Abbas Ali Kadkhodaie said that most of the flaws or ambiguities that led to the rejection of the bill on Iran's accession to CFT by the Council, remained unchanged, and were still problematic.

Related News:

Guardian Council has concerns about flaws within CFT: Spokesman

Furthermore, on January 9, the Iranian Parliament held an open session in the morning to review a bill on Iran’s accession to the International Countering Financing of Terrorism (CFT) Convention.

The Parliament's open session chaired by Parliament Speaker Ali Larijani, scheduled to review the National Security and Foreign Policy Commission's report on the issue.

On 7 October 2018, the Iranian Parliament (Majlis) approved "Combating the Financing of Terrorism" (CFT) bill, but later, the Guardian Council announced the bill had a number of flaws and ambiguities, and decided to send back the bill to the parliament (Majlis) for further discussion, rectification, and amendments.

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

Combating the Financing of Terrorism (CFT) involves investigating, analyzing, deterring and preventing sources of funding for terrorist activities. The CFT bill is one of four bills connected to the Financial Action Task Force (FATF).

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