EghtesadOnline: The Financial Action Task Force, the global anti-money laundering body, convenes on Sunday with a to-do-list which includes evaluating the progress by Iran in fulfilling its Action Plan to reduce its AML risk.
EghtesadOnline: Iranian lawmakers on Sunday approved a measure that allows Iran to formally join the International Convention for the Suppression of the Financing of Terrorism, clearing a major hurdle to improve Iran's status with the global anti-money laundering body, the Financial Action Task Force.
EghtesadOnline: The government bill that allows Iran to join the international Convention for the Suppression of the Financing of Terrorism is back on the Majlis floor after the two-month hiatus had stalled the key legislation relating to Iran's Action Plan with the Financial Action Task Force.
EghtesdOnline: Lawmakers on Tuesday approved two bills related to the Iran Action Plan with the intergovernmental Financial Action Task Force. The Guardian Council had earlier found faults with the two bills and sent it back to the legislature for reconsideration.
EghtesadOnline: A senior lawmaker has voiced support for three of four legal measures required from Iran to be in good standing with the Financial Action Task Force, but said a guarantee is needed from the global watchdog that Iran will be able to reap the expected benefits when it fulfills its commitments.
EghtesadOnline: Despite the opposition of some factions about the country falling in line with standards set by the Financial Action Task Force, optimism abounds among moderate lawmakers and pundits that the willingness of top officials to approve the measures would serve the Islamic Republic's interest.
EghtesadOnline: As Iran's October deadline to complete the Action Plan set forth by the Financial Action Task Force draws near, lawmakers are renewing efforts to pass the related bills sent by the government months ago.
EghtesadOnline: Iran Chamber of Commerce, Industries, Mines and Agriculture, the country's largest private sector group, has emphasized the necessity of Iran joining the inter-governmental Financial Action Task Force.
EghtesadOnline: Iran's Guardians Council has approved the government bill ratified by the parliament earlier this year, which amends Iran's Combating Financing of Terrorism Law to make it compatible with standards set by the Financial Action Task Force (FATF).
EghtesadOnline: Majlis Economic Commission, a major force in Iran's Parliament, is committed to ensure the passage of pending bills aimed at completing its action plan with the Financial Action Task Force, a member of the commission said.