Iran Steps Back From Introducing Antiterrorism Finance Rules As Fresh U.S. Sanctions Loom

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With a new wave of US sanctions just two months away, there appears to be growing opposition in Tehran to the Iranian government’s long-standing policy of falling into line with international rules to prevent terrorism financing and money laundering.

On June 10, MPs voted to suspend discussion of a bill that would have seen Iran sign up to the United Nations’ International Convention for the Suppression of Financing of Terrorism. That bill was approved by the cabinet in October last year and has been working its way through the Majlis (parliament) since May.

However, on Sunday, MPs voted by 138 to 103 to suspend the process while further talks are held with the government. “We hold in abeyance the bill for two months,” said parliamentary speaker Ali Larijani.

Read the original article here: forbes.com


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