Iran AML Law Amendment Underway

In view of the Financial Action Task Force’s next plenary meeting in June, Iran is updating its Anti-Money Laundering Law, along with other ongoing reforms to fulfill the body’s action plan. 
Last week, the lawmakers passed the amendment bill to the current AML Law, which also addresses Combating Financing of Terrorism Law. 
According to the official news outlet of the parliament, 139 of the 225 lawmakers present during last week’s session agreed with the general outlines of the bill formally submitted by President Hassan Rouhani on Nov. 20 along with the CFT amendments.
 MPs, however, decided to discuss the details of the bill and address the more controversial points of the bill during upcoming sessions.