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Legal Matters

Vice-President: FATF-related bills not connected to JCPOA

Tehran, A senior Iranian official said FATF-related bills for standardizing and organizing the banking system of Iran and the link between Iranian banks and banks and financial institutions in the world are unrelated to Joint Comprehensive Plan of Action (JCPOA).

Iran's Vice President for Parliamentary Affairs Hossein Ali Amiri made the remarks at the end of Wednesday's session of the government cabinet in a meeting with journalists in response to a question on Financial Action Task Force (FATF) bills, 'These bills, and especially the bill on amending the anti-money laundering law are required to standardize and organize the banking system and the connection of Iranian banks to banks and World financial institutions.'

He expressed the hope that the MPs would approve the remaining bills, considering the necessity and need of the country for the bill.

Iran's Vice President for Parliamentary Affairs noted that three of the four FATF-related bills approved by the parliament were finalized and two cases were underway in the legislative process between the parliament, the Guardians Council and the Expediency Council, which 'we hope are the bills are finalized.

Amiri also said about the fourth bill entitled Terrorism Financing Convention, 'This bill is one of the necessities of the country, and we hope that it will be approved by the vote of MPs.'

Iran's Vice President for Parliamentary Affairs stressed that the remaining bill had nothing to do with JCPOA, and basically the preparation and development of these standards had a historical background before the Rouhani's government.

Source: Islamic Republic News Agency - IRNA

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