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Approval of the bills about FATF has been a subject to partisan conflict in Iran, the radicals working in the Guardian Council rejected FATF to become law after the parliament had passed.
Constitutionally, every bill passed by the parliament must be approved by the Guardian Council to take effect as a law.
The bills about FATF were referred to the Expediency Council for arbitration as per a Constitutional mandate.
The Expediency Council which has a radical majority refuses to adopt FATF, because of partisan goals as well. They deem President Hassan Rouhani as moderate and do not like to work in harmony with the moderate Government.
Referring to the unjust US anti-Iran sanctions which have caused economic problems and created obstacles to financial transactions with outside world, the parliamentarians called for providing law for joining FATF bills including Combating the Financing of Terrorism (CFT) and Palermo Convention.
The United Nations Convention against Transnational Organized Crime, adopted by General Assembly resolution 55/25 of 15 November 2000, is the main international instrument in the fight against transnational organized crime. It opened for signature by Member States at a High-level Political Conference convened for that purpose in Palermo, Italy, on 12-15 December 2000 and entered into force on 29 September 2003.
Financial Action Task Force (FATF) introduces itself as an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions. The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. The FATF is therefore a “policy-making body” which works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.
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