Iranian Foreign Minister said that the Expediency Council’s final verdict on accession to the two FATF-related conventions will be surely based on the country’s national interests.

Iran Press/Iran news:  Mohammad Javad Zarif made the remark while speaking to reporters upon arrival in Qom on Monday.

He noted that the two FATF-related conventions, namely the Palermo Bill (United Nations Convention against Transnational Organized Crime), and CFT (Combating Financing of Terrorism), are still being scrutinized by the Expediency Council. He stressed that the Council’s decision on whether or not to endorse the bills will be surely based on the country’s national interests, Iran Press reported.

His remarks came as Expediency Council Secretary Mohsen Rezaei said the majority of the Council’s members are against joining the UN anti-money laundering watchdog, citing the current US economic sanctions on Iran as the main reason for the opposition.

FATF has given Iran an extended June deadline to complete the reforms necessary for joining the international body. 105

 

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