Iran: Lawmakers Approve Bill Against Financing Terrorism

Iran: Lawmakers Approve Bill Against Financing Terrorism... 09/10/2018 Economy

Keywords:#Deutsche, #Deutsche_Welle, #FATF, #Financial_Action_Task_Force, #Iran, #Iranian, #Islamic, #President, #Rouhani, #Task_Force, #Tehran

What Happened: Iran's parliament passed a controversial bill designed to combat financing for terrorism in a hotly contested vote on Oct. 7, Deutsche Welle reported.
Why It Matters: The close vote on the Combating the Financing of Terrorism bill highlights the controversial nature of Iranian President Hasan Rouhani's goal of normalizing ties with the international financial system and ensuring Iran's removal from the Financial Action Task Force's (FATF) blacklist. Achieving the goal is crucial to Rouhani's plan to boost private sector development in Iran, but the country's security and intelligence establishment fears that such action will limit the Islamic republic's ability to support critical allies and regional militant groups as part of its asymmetric defense strategy.
Background: Iran's government is currently working to pass three bills designed to bring the country into compliance with the FATF before the intergovernmental organization has its next plenary meeting on Oct. 14. The FATF suspended active countermeasures against Iran's banking and financial sector pending the completion of Tehran's plan for promised reforms, which was launched in June 2016.
---Iran's parliament passed a controversial bill to ban financing for terrorism in a hotly contested vote on Oct. 7, Deutsche Welle reported. ---

Read more from Source »

Related articles based on keyword density
BY MATTHEW LEE AND GEORGE JAHN ASSOCIATED PRESS VIENNA (AP) -- Still facing significant differences between the U.S. and Iran, negotiators gave up on...View Details»

Media Scam? Iran and America Join Hands in Waging “The Global War on T... 01/07/2014 Politics
By Prof Michel Chossudovsky Global Research, June 21, 2014 Following the incursion of jihadist rebels of the Islamic State of Iraq and the Levant (IS...View Details»

Global “Elders” urge Iran to build on nuclear deal - The Washington Po... 28/01/2014 Politics
TEHRAN, Iran — The former head of the United Nations urged Iran Monday to build on a historic deal reached with world powers in November and work towa...View Details»

Controversy over FATF Is Back: Who is the real Pinocchio?... 08/09/2016 Economy
Seeing Washington cementing the nuclear deal and making it harder for future administrations to unravel the deal, Iran’s Principlists have changed cou...View Details»

Tayebnia: Iran Will not Recognize FATF’s Description of Terrorism... 08/09/2016 Politics
Tehran, Sep. 07 (SENA) – Iran will not agree to give any commitment to the Financial Action Task Force (FATF) on recognizing the description of terror...View Details»