Iranian parliament approves bill to combat financing of terrorism
Iranian parliament approves bill to combat financing of terrorism

The Iranian parliament on Sunday voted in favor of CFT, a legislation to combat financing of terrorism. The debate on the CFT kicked off on Sunday morning with 268 lawmakers present in the parliament. A total of 143 lawmakers voted in favor of the bill while 120 voted against it. Five MPs also abstained. The […]

The Iranian parliament on Sunday voted in favor of CFT, a legislation to combat financing of terrorism.

The debate on the CFT kicked off on Sunday morning with 268 lawmakers present in the parliament. A total of 143 lawmakers voted in favor of the bill while 120 voted against it. Five MPs also abstained.

The CFT bill is one of the four bills proposed by the Hassan Rouhani admininstration to take Iran out of FATF blacklist.

Iran’s Foreign Minister Mohammad Javad Zarif attended the parliament to defend the ratification of the CFT bill.

“We cannot give guarantees that by joining the CFT the (banking) problems will be resolved but we can give guarantees that by not joining the bill the United States will invent pretexts to create more problems for us,” Zarif said before the voting.

Zarif said without approving the bill even China and Russia as “strategic partners” of Iran will have problems to do banking transactions with Iran.

Citing an example, the foreign minister said China’s central bank governor has told Iranian counterpart Abdolnasser Hemati that without FATF they cannot work with Iran.