Majlis Amends AML/CFT Laws to Satisfy FATF
Majlis Amends AML/CFT Laws to Satisfy FATF
Tuesday, May 08, 2018

Iran Parliament Amends AML/CFT Laws to Satisfy FATF

A majority of Iranian MPs on Tuesday ratified the general outlines of amendments to the country’s current AML/CFT laws to address deficiencies identified by the Financial Action Task Force ahead of its Iran deadline in June
Tuesday, May 08, 2018

Iran Parliament Amends AML/CFT Laws to Satisfy FATF

Finance Desk

Iranian lawmakers on Tuesday came one step closer to fulfilling deficiencies in the country's action plan with the Financial Action Task Force, and passed amendment bills to the existing Law of Anti-Money Laundering and Law of Combating Financing of Terrorism. 
According to the official news outlet of the parliament, 139 of the 225 lawmakers present in the latest open session ratified the general outline of amendments to the AML/CFT laws that was formally submitted by President Hassan Rouhani on Nov. 20. 
MPs postponed the discussion and ratification of the details of the bill to their next open session on Wednesday or Sunday.
Iran's original AML law was approved by parliamentarians in 2008.


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