Larijani Optimistic About Achieving a Fair Resolution on FATF Issues

Larijani Optimistic About Achieving a Fair Resolution on FATF Issues

In recent discussions surrounding the Financial Action Task Force (FATF) bills in Iran, Ali Larijani, an adviser to the Leader of the Islamic Revolution, has expressed optimism about achieving a reasonable solution. His comments came during a visit to the Islamic Republic News Agency (IRNA) headquarters in Tehran.

Larijani revealed that a joint commission has been established within the Expediency Council to conduct a thorough review of the FATF bills. He stated, “The opinions of the council’s members differ, but we hope the outcome of the examinations and the final decision will benefit the country and we reach a reasonable solution in this regard.” This statement is significant, especially considering Larijani’s experience as the parliament speaker from 2008 to 2020.

Under the administration of former President Hassan Rouhani, four crucial bills related to the FATF were introduced. These include:

  • Amendments to laws on combating terrorist financing
  • Amendments to anti-money laundering laws
  • Iran’s accession to the United Nations Convention against Transnational Organized Crime (Palermo)
  • The Convention on Combating the Financing of Terrorism (CFT)

While the first two bills received approval from the Iranian parliament and were ratified by the Constitutional Council, the latter two faced significant disagreements among various bodies, including the administration, parliament, the Constitutional Council, and the Expediency Council.

Recently, President Masoud Pezeshkian announced that the Expediency Council would revisit these bills with the aim of lifting FATF restrictions on Iran’s banking system. When asked about his prediction regarding the Council’s decision, Larijani humorously remarked, “I am not one of the men of the unseen.”

This ongoing dialogue reflects the complexities of Iran’s legislative process and the significant implications of FATF compliance for the country’s financial landscape.

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