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Iranian Ministers Send “Warning Letter” to Khamenei About FATF

LONDON – Several ministers of President Hassan Rouhani’s government signed and sent a letter to Iran’s Supreme Leader Ali Khamenei urging him to help finalize anti-corruption legislation related to the Financial Action Task Force (FATF), Asharq Alawsat said Wednesday.
The ministers demanded that the Expert Council, which has the power to approve Iran’s bills, urgently review the government’s proposal.
In their letter, the ministers cautioned against the negative consequences of Iran’s delay in joining the “Convention against Transnational Organized Crime” or Palermo and the “International Convention on the Financing of Terrorism”, known as the name of CFT.
Media reports revealed Tuesday that ministers could resign if the window for joining the international working group on the financing of terrorism and financial corruption was closed.
The FATF gave Iran a deadline of February to carry out the reforms necessary for the accession of its country and to be removed from its black list.
Minister of Labor and Social Welfare Mohammad Shariatmadari confirmed Tuesday that several ministers had written a letter to Khamenei urging him to help speed up the FATF membership process.
The Expediency Discernment Council, which Iranian MPs hope to reaffirm its support for the success of the CFT, is also almost entirely shaped by Khamenei, who elects 44 members of the body every five years.
If Tehran fails to become a member of the FATF, it risks taking stern and stifling international measures that hit the Iranian financial and banking sector.
The FATF is an international supervisory body whose purpose is to set standards and promote the effective implementation of legal, regulatory and operational measures to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system.
(Sahar News Monitoring Desk)

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