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Iran's supreme leader suggests parliament to pass own anti-money-laundering law

Some of these treaties have useful parts, it's not a problem, says Aytollah Ali Khamenei.


Reuters Iran Islamic Rep.
Updated: 20-06-2018 17:10 IST
Iran's supreme leader suggests parliament to pass own anti-money-laundering law

Iran has been attempting to implement standards set by FATF, a global group of government anti-money-laundering agencies, in the hopes it will be removed from a blacklist that makes some foreign investors reluctant to deal with the country. (Image Credit: Wikimedia Commons)

Iran's Supreme Leader advised members of parliament on Wednesday to pass their own legislation to combat money laundering, decreasing chances that laws based on requirements by the global Financial Action Task Force (FATF) will be passed.

"Some of these treaties have useful parts, it's not a problem," Aytollah Ali Khamenei said in a speech to members of parliament, according to a transcript published on his official website. "The solution for this issue is that the parliament should make up its own law. For example, a law for fighting money laundering. There is no need for us to accept things that we don't know where they will end up."

Iran has been attempting to implement standards set by FATF, a global group of government anti-money-laundering agencies, in the hopes it will be removed from a blacklist that makes some foreign investors reluctant to deal with the country.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY : Iran Islamic Rep.

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