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A petition signed by 50 MPs against the CFT bill was rolled out in the parliament’s open session on June 10.
A petition signed by 50 MPs against the CFT bill was rolled out in the parliament’s open session on June 10.
Monday, June 11, 2018

Majlis Defers CFT Bill Decision

Even as Iran’s deadline with FATF is only two weeks away, MPs on Sunday voted to postpone the review of the bill aimed at joining the United Nations’ CFT convention, which has a direct bearing on the FATF verdict
One of the reasons given for the deferral was the uncertainty surrounding Iran’s nuclear deal with world powers, which is currently on life support following the US withdrawal on May 8 and pending negotiations with other signatories
Monday, June 11, 2018

Majlis Defers CFT Bill Decision

Members of Iran's Parliament during Sunday's open session voted to postpone for two months the review process of the government-proposed bill aimed at joining the United Nation's International Convention for Combating the Financing of Terrorism.
According to ICANA, the official news outlet of the parliament, MPs approved a petition by 50 votes, following 138 ayes and 103 nays, to temporarily defer the bill.
The bill for joining the treaty adopted by UN General Assembly in 1999 in New York was approved by the Iranian Cabinet on Oct. 29 and officially submitted to the parliament by President Hassan Rouhani on Nov. 13. 
Joining the convention is one of the four measures expected to help Iran vis-à-vis the Financial Action Task Force, the global standard-setting body for anti-money laundering (AML) and combating financing of terrorism (CFT) measures.
Three other measures pertain to amendments for Iran's existing AML/CFT bills and another bill aimed at joining the UN Convention Against Transnational Organized Crime.

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