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No doubt Iran will ratify FATF conventions: Businessman

A well-established Iranian businessman with close links to the government says he is sure a top legislative watchdog in the country would finally approve conditions set by the FATF, an international group to fight money laundering and terrorism financing.

Heibatollah Osuli, a deputy chairman of the Tehran Chamber of Commerce (TCCIM), said on Thursday that Iran’s Expediency Council which is charge of settling legislative disputes in the country would eventually approve two remaining conventions of the Financial Action Task Force to allow the Paris-based group to remove the country from its internationally-recognized blacklist.

“Never doubt that The Expediency Discernment Council of the System would agree with this issue,” said Osuli in an interview with the semi-official ILNA news agency.

The comments came several days after the Iranian administrative government said it had demanded the Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei, who appoints members of the Expediency Council, to authorize a renewed discussion on FATF’s Palermo and terrorist financing conventions in the Council.

La’ya Jonaidi, who serves as deputy to Iranian president for legal affairs, said she was optimistic the Council would approve the two remaining FATF conventions to help remove unnecessary hurdles that might arise from Iran’s continued inclusion in the FATF blacklist.

Critics of the FATF in Iran say the body is excessively influenced by the United States and any move to comply with its recommendations would expose Tehran’s efforts to circumvent the US sanctions.

TCCIM’s Osuli said, however, that accepting FATF requirements would positively impact Iran’s trade relations with the rest of the world and would result in better economic condition for the people in the country.

Osuli said, however, that rejecting the two remaining FATF conventions would create extra barriers for Iran in its trade with close allies.

“If the approval of FATF (conventions) is still opposed, out current problems will intensify,” he said.

Source: Press TV


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