Deciding on FATF depends on lifting Iran sanctions: MP

TEHRAN, Sep. 13 (MNA) – A member of the Iranian Parliament National Security and Foreign Policy Commission said that deciding on bills related to Financial Action Task Force (FATF) is subject to lifting sanctions imposed on Iran.

Speaking in an interview with Mehr News Agency on Mon., Abolfazl Amouei stated that as long as sanctions imposed on Iran are not lifted, no decision will be taken regarding bils related to Financial Action Task Force.

Reacting to claims raised by some officials that Iran's non-accession to FATF would prevent the country from doing business with other states, he said that FATF or rules of Working Group of anti-money laundering and financing terrorists are a structure, in which, countries try to refrain from financing terrorism and money laundering.

The principle of countering money laundering and financing terrorism has been accepted in the Islamic Republic of Iran, he said, adding, “We have formulated laws to counter the issue in a way that banking and economic systems of the country have thorough knowledge on this issue in order to prevent any violation in this regard.”

However, international transparency on this issue through accession to Palermo (Convention against transnational organized crime) and terrorist financing conventions (CFT), is not currently accepted by the Islamic Republic of Iran as the West and United States are trying to impose sanctions on all parties for doing trade with Iran.

In the current situation, international financial transparency prevents Iran from doing trade with the outside world, Amouei stressed.

As long as oppressive and unilateral sanctions imposed against the Islamic Republic of Iran are not lifted, expectation of international transparency in financial transactions is unreasonable, he added.

MA/5301900

News Code 178581

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