MPs Pass Amend­ment To CFT Bill

Iran News - - FRONTPAGE -

TEHRAN (IFP) - Ira­nian law­mak­ers have ap­proved an amend­ment to a bill on Iran’s ac­ces­sion to the Com­bat­ing the Fi­nanc­ing of Ter­ror­ism (CFT) con­ven­tion, which was ear­lier re­jected by the Guardian Coun­cil.

In an open ses­sion on Wed­nes­day, the leg­is­la­tors gave the thumbs up to the Par­lia­ment’s Na­tional Se­cu­rity and For­eign Pol­icy Com­mis­sion’s amend­ment to the first clause of the CFT bill after the su­per­vi­sory Guardian Coun­cil an­nounced some of the pro­vi­sions needed to be changed.

The rat­i­fied amend­ment will now go to the Guardian Coun­cil again for ap­proval.

Mean­while, law­mak­ers did not ac­cept the changes that the Guardian Coun­cil had de­manded be made to the sec­ond clause of the bill. So, the sec­ond clause will be sent to the ar­bi­tra­tive Ex­pe­di­ency Coun­cil, which will make the fi­nal de­ci­sion on the con­tro­versy.

The bill is part of four sets of leg­is­la­tion pro­posed by the gov­ern­ment of Has­san Rouhani to get the coun­try out of the black list of the global anti-money laun­der­ing body, the Fi­nan­cial Ac­tion Task Force (FATF).

Two other bills had been ap­proved by the par­lia­ment, but re­jected by the Guardian Coun­cil. After the par­lia­ment re­fused to change the bills, they were re­ferred to the Ex­pe­di­ency Coun­cil, which is en­trusted with act­ing as an ar­biter be­tween the two bod­ies.

The fourth bill, an amend­ment to the coun­try’s law against fi­nanc­ing ter­ror­ism, was ear­lier ap­proved by the par­lia­ment and the Guardian Coun­cil, and signed into law by Pres­i­dent Rouhani.

Iran en­tered into talks with the G7-cre­ated FATF to join the body fol­low­ing the Jan­uary 2016 im­ple­men­ta­tion of the JCPOA, the nu­clear deal be­tween Tehran and world pow­ers.

How­ever, Iran’s adop­tion of FATF stan­dards has slowed down in re­cent months, over con­cerns among con­ser­va­tive politi­cians that the move could en­dan­ger Iran’s na­tional se­cu­rity in­ter­ests.

The FATF has re­quested Iran to im­ple­ment nec­es­sary re­forms un­til Fe­bru­ary 2019.

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