Why it matters:
Iran's accession to the Palermo Convention occurs at a time when combating corruption and organized crime is a priority for the national security of many countries. The treaty can clarify Iran's financial and international interactions and facilitate improved economic relations with other nations.
The big picture:
The Palermo Convention, officially known as the "United Nations Convention against Transnational Organized Crime," is recognized as one of the key pillars of the United Nations in the fight against transnational crimes such as human trafficking, arms trafficking, and money laundering.
Key points:
- The Iranian Parliament approved the treaty on September 25, 2018.
- The Expediency Discernment Council recognized this law as being in the country's interest on May 13, 2025.
- According to Article 123 of the Constitution, the Speaker of Parliament must communicate legal approvals to the President.
Go deeper:
Approval of Palermo, CFT Increases U.S. Costs for Sanctions
Iran Seeks FATF Treaties to Prove Commitment Against Money Laundering
Zohre Khazaee
