A meeting of the Expediency Council on joining the UN Convention on Transnational Crime (Palermo bill) ended without conclusion on Saturday, leaving the fate of the controversial bill unknown until at least next week.
The council is the constitutional arbiter between the Majlis and the Guardian Council that endorses or rejects legislation based on conformity with the Constitution and Islamic law.
Palermo bill is one of the four government bills that seek to bring Iran's anti-money laundering and countering terrorism financing standards into line with international norms, specifically those defined by the Financial Action Task Force.
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