Economy, Business And Markets

Iranian MPs Ratify CFT Amendments

MPs Ratify CFT Amendments MPs Ratify CFT Amendments

Members of Iran's Parliament convened a plenary session on Tuesday and ratified several articles of the amendments to the country's combating financing of terrorism law presented by the administration of President Hassan Rouhani.
According to ICANA, the official news outlet of the parliament, Article 2 of the amendments, which dealt with punishments for terrorism financers, was approved after 115 voted in favor while 61 opposed it.
"Persons committing financing of terrorism will be punished only when their act amounts to fasad-fil-arz or hirabah, otherwise they will be sentenced to two to five years in prison and a cash penalty equal to two to five times the provided finance, in addition to the government confiscating their assets and capital," reads the article.


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