Feb 20, 2019 07:48 Asia/Tehran
  • Iran Expediency Council likely to approve CFT, Palermo bills: Guardian Council spokesman
    Iran Expediency Council likely to approve CFT, Palermo bills: Guardian Council spokesman

The Guardian Council Spokesman said that Palermo and CFT bills will likely be approved by Expediency Council.

Iran Press/Iran news: Speaking to reporters on Tuesday, Abbas Ali Kadkhodaie said that the Council rejected the anti-money laundering body (FATF) related Countering the Financing of Terrorism (CFT) and UN Convention against Transnational Organized Crime, known as Palermo Convention because of the flaws they found with the bills in accordance with the Iran’s Constitution, adding that the doors are still open for the Expediency Council to approve the two bills.

The two FATF-related bills have already been approved by the lawmakers in the Iranian Parliament and need to gain the approval of the Expediency Council after they were rejected by the Guardian Council, Mehr News Agency reported.

Kadkhodaei noted that the Expediency Council will probably approve both bills.

On Feb. 16, Iran's Expediency Council held a session to review draft legislation on the Palermo Convention, but eventually decided to postpone a decision on whether to adopt the convention.

The Palermo bill needs at least two third of the votes to be endorsed by the Expediency Council.

The bill on Iran’s accession to the convention against the funding of terrorism (CFT) was rejected by the Guardian Council in early November due to some flaws and ambiguities inherent in the CFT bill, deemed contrary to Iran's Constitution.

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.

To fulfill Financial Action Task Force (FATF) requirements, Iranian President Hassan Rouhani’s administration proposed four bills to the parliament for approval, two of which are still undecided, including the Palermo Convention. They have been referred to the Expediency Council for a final decision.

UN Convention against Transnational Organized Crime (known in Iran as the Palermo Convention), is a multilateral treaty adopted by the UN General Assembly resolution of 15 November 2000.

Iran recently approved anti-money laundering (AML) legislation, which was a domestically-drafted bill, and it voted to join the CFT standards set by the FATF for years. 101 /201

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Expediency Council postpones decision on Palermo bill

Expediency Council to continue reviewing accession to Palermo Convention

Expediency Council can't decide about accession to Palermo Convention  

Iran's Expediency Council approved amendment bill on combating money laundering

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