A senior Iranian lawmaker warned against a parliamentary bill aimed at the country’s accession to the Financial Action Task Force (FATF), saying that it would harm the national interests. “We believe that cooperation with the FATF will result in the self-imposition of sanctions and will undermine the national interest of the country,” Mohammad Ali Pourmokhtar, […]

Iran’s Guardian Council has said that Iran’s membership in the United Nations Convention against Transnational Organized Crime (UNTOC) is against both the security policies of the country and the Resistance Economy. The Spokesman for the Guardian Council, which is empowered to vet legislation in Iran, said on Saturday that the bill of Iran’s membership in […]

TEHRAN – The Financial Action Task Force (FATF) announced on Friday that the organization will continue suspension of counter-measures against Iran by October 2018. “The FATF is disappointed with Iran’s failure to implement its action plan to address its significant AML/CFT deficiencies. Given the Iranian government’s continued efforts to finalize and pass amendments to its […]

An international group that monitors money laundering worldwide said on Friday Iran had until October to complete reforms that would bring it into line with global norms or face consequences that could further deter investors from the country. Tehran has tried to attract foreign investors after completing a landmark 2015 agreement with the United States, […]

 The Iranian MPS decided to suspend discussing Iran’s accession to the International Convention for the Suppression of Financing of Terrorism (CFT) for two months in coordination with the government. The Iranian Parliament begun reviewing Iran’s accession to Convention for the Suppression of Financing of Terrorism (CFT) and membership in the United Nations Convention against Transnational […]

TEHRAN – The vice chairman of the parliament’s National Security and Foreign Policy Committee said on Tuesday that the bill on joining the convention on Combating the Financing of Terrorism (CFT) was approved earlier in the day during a meeting of the committee. Kamal Dehqani Firouzabadi said the committee has conditionally approved the bill to […]

Chairman of Iran’s Parliament National Security and Foreign Policy Commission said Tue. that possibility of blocking Iran’s support for Axis of Resistance is behind lawmakers’ refusal to pass FATF-related bills. Speaking on the sidelines of a parliament session today to review the bill on Iran’s accession to International Convention for the Suppression of Financing of […]

Iranian Foreign Ministry spoke in favor of Iran’s accession to the International Convention for the Suppression of Financing of Terrorism, while National Security Council was against the idea, an MP told Mehr News on Sunday. The bill of “Accession of the Government of the Islamic Republic of Iran to the International Convention for the Suppression […]

 Iranian deputy foreign minister and economy minister attended a public session at Iranian parliament to defend government’s bid to fully abide by the Financial Action Task Force (FATF) obligations. The law makers in Iranian Parliament are discussing two bills (Money Laundering and Combating the Financing of Terrorism) drafted by government of Hassan Rouhani in order […]

 Manager of the Central Bank of Iran (CBI) Ferdows Zare’ for Compliance Affairs pointed to tracking transactions in Society for Worldwide Interbank Financial Telecommunication (SWIFT) as pilot and said, “according to CBI instructions, banks are obliged to approve and notify the Compliance Charter in the highest level.” Speaking in 6th Iran-Europe Business Forum, held in […]