Why it matters:
The approval of the Palermo and CFT conventions by Iran's Expediency Discernment Council could reshape the landscape of international financial interactions for Iran, potentially complicating U.S. sanctions efforts.
The big picture:
Hadi Khani, head of the National Financial Information Center and Secretary of the High Council for the Prevention and Combating of Money Laundering and Terrorist Financing, argues that these approvals will not only normalize Iran's financial transactions but also raise the costs for the U.S. in enforcing its sanctions.
What he's saying:
Khani hopes that the passage of these bills will undermine the U.S. President's efforts to keep Iran on the list of high-risk countries for money laundering and terrorist financing, thereby reducing the stringent oversight of financial interactions involving Iranian citizens.
Key points:
- The approval will facilitate financial interactions of all Iranians with other countries.
- He expressed optimism that after several expert meetings within the Expediency Discernment Council—tasked with reviewing Iran's FATF membership—decisions on these bills will be made soon.
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Hossein Amiri
