Iran joins the CFT Act

Iran joins the CFT Act
ID : N-3079 Date : 2018/10/07 - 12:13

(Persia Digest) Parliament has voted for Iran to join the Anti-Money Laundering and Counter-Financing of Terrorism Act 2009 (AML / CFT Act) at a plenary session this morning. MPs voted 143 in favor, 120 against, and 5 abstained out of a total of 270 representatives.

The session was opened by Speaker Ali Larijani. A National Security Commission meeting had taken place in Parliament earlier with officials from the ministries of Foreign Affairs, Information, Economy, the CBI, and a group of academics to review the CFT Act and other FATF conventions.

Concurrently, a group of CFT opponents gathered outside Parliament this morning carrying placards reading “No to self-sanction”, “We don’t want the JCPOA”, and “FATF betrays the nation”.


Read more:

Four countries try to return Iran to FATF black list

CFT Fate after Supreme Leader remarks

CFT opponents gather outside Iranian parliament


The Spokesperson for the National Security and Foreign Policy Commission of Iran's Parliament stated: “The Iranian government recognizes the legitimate struggles of the people against the domination of foreign countries and the right to self-determination which is not included in the framework of the terrorist acts in Article two of the convention.”

According to him, the conditions approved by the National Security and Foreign Policy Committee of the Iranian Parliament for joining the CFT Act are as follows: “Iran has set a number of conditions for Article 7 of the CFT Act. Any changes to these conditions are subject to approval by the Judiciary. The government can, in certain cases, rely on international arbitration in accordance with domestic regulations. Iran joining the CFT does not mean the recognition of the Zionist regime.”


Read more:

► FATF suspends countermeasures against Iran

► The FATF welcomes Iran commitment

► Supreme Leader: Parliament to pass laws on terrorism


Ali Najafi-Khashroudi added: “Article 27 of the convention outlines conditions for leaving the CFT. We can leave the convention at any time we judge it to be against our interests.”

PD reports that the review of the CFT Act was referred back to Parliament’s National Security Commission for re-examination this morning. Two MPs spoke for and two against the Act for 15mins each. Fifteen minutes were given to the Commission to report back, followed by a 15-min speech by the cabinet representative. A vote was finally taken in which MPs voted to join the CFT Act.

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