Guardian Council rejects bill on combating money laundering

August 19, 2018 - 10:40

TEHRAN – The Guardian Council has rejected a bill to amend the anti-money laundering law in line with moves to combat the financing of terrorism, the council’s spokesman Abbas Ali Kadkhodaei said on Friday.

In a tweet, Kadkhodaei said the council has rejected the bill for four contradictions it had with the Islamic law and the constitution, returning the bill to the parliament for making the required amendments, Mehr reported.

Iran has less than two months to adopt financial reforms proposed by the Financial Action Task Force (FATF) as part of efforts to improve connections to the international banking and trade system.

MH/PA

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