Parliamentarian views FATF-bills as leg-cuffs on Iran economy

TEHRAN (ICANA) _ Alireza Zakani, the head of the Islamic Parliament Research Center (IPRC) says the ratification of FATF-bill will not only help alleviate economic problems but rather worsen them.

FATF will not help removal of sanctions, transferring money to the country or facilitating monetary ties but is a leg-cuff for the country’s economy, Zakani said on Sunday.
“The FATF will multiply our vulnerability; if there are solutions for ditching cruel sanctions for exporting oil and bring money in, the ratification of FATF will prevent such solutions.”
Actually, accepting the bills means disclosing economy’s secrets of getting around sanctions and no rational mind accepts this, he added.
The government has offered conditions for ratifying the FATF but the issue does not know any condition, Zakani added.
Iran will be faced with new excuses by enemies if it passes the bills, he said, adding, “FATF, actually, is a political issue not a specialized one.”
On October 7, 2018, the Iranian Parliament voted in favor of the CFT. However, the oversight Guardian Council rejected the bill by finding 22 faults with it.
However, the Expediency Council set aside studies to approve the Palermo bill back in October 2019 for it believed Palermo and CFT would help the United States to identify the ways Iran circumvents the sanctions.
The Financial Action Task Force announced in June 2019 that Iran had until October to complete reforms that would bring it into line with global norms or face consequences.
In December 2020, in a response to the President's request, the Leader of the Revolution agreed with an extension of the time for reviewing the FATF bills.


CFT, economic problems, Financial Action Task Force (FATF), Head of the IPRC, leg cuffs, monetary ties, News, ratification of FATF bill, removal of sanctions