Visit our new website: worldnews.easybranches.com

Iran moves closer to adopting law against funding terrorism

  • Wed, 05 Dec 2018 21:17
Author: 
Reuters
ID: 
1543999258556120100
Wed, 2018-12-05 08:38

DUBAI: Iran’s parliament approved a tweaked draft law against funding terrorism on Wednesday which officials hope will bring Tehran closer to global standards and help remove it from investment blacklists as it faces renewed US sanctions.
The official news agency IRNA said lawmakers had included amendments requested by a powerful clerical body, which must vet all legislation passed through parliament before it becomes actual law.
Supporters hope the legislation, once passed, will allow Iran to join an international convention against the funding of terrorism and comply with measures against money laundering set by the Financial Action Task Force (FATF).
Hard-liners in parliament have opposed parts of the legislation, saying it could hamper Iranian financial support for allies such as Lebanon’s Hezbollah, which the United States has classified as a terrorist group.
The Guardian Council clerical body had asked lawmakers to include clauses including a guarantee that the law would not clash with the constitution.
The Paris-based FATF said in October that Iran had until February to complete reforms that would bring it into line with global norms or face consequences.
Foreign businesses say legislation that includes FATF guidelines is essential if they are to increase investment.
Many Western companies have already ceased cooperation with Iran after the United States pulled out of a 2015 nuclear deal between world powers and Tehran in May and reimposed sanctions.

Main category: 
Tags: 
Pompeo defends US policy, slams China, Russia and IranRouhani threatens to block all Gulf oil exports if Iran can’t export oil Middle-East

Tags


Save big on top tech magazines.

Related Stories

Algerians Stage Largest Rallies Yet to Protest against Bouteflika
  • Sat, 16 Mar 2019 02:35

Algerians staged on Friday the largest protests in Algiers yet against the rule of long-time President Abdelaziz Bouteflika. Hundreds of thousands of...

Turkey, Russia eye closer coordination on Syria
  • Thu, 14 Mar 2019 22:26

Author: AFPID: 1552558780332945000Thu, 2019-03-14 10:15 ISTANBUL: Turkey and Russia are discussing a “coordination center” to better ma...

RAGE AGAINST THE MACHISM II. by Saâd Jebbour
  • Thu, 14 Mar 2019 15:27

RAGE AGAINST THE MACHISM II. by Saâd Jebbour Website | Instagram | Flickr | Facebook Madrid, Spain. 2019 © Saâd Jebbour saa...

Iran to set up its part of nuclear deal mechanism ‘this month’
  • Wed, 06 Mar 2019 21:56

Author: AFPID: 1551882246686847200Wed, 2019-03-06 13:40 VIENNA: Iran hopes to have its part of a new payments vehicle — devised to bypass...

Iran lawyer convicted after defending women protesters
  • Wed, 06 Mar 2019 21:55

Author: By JON GAMBRELL | APID: 1551873956326165100Wed, 2019-03-06 15:05 DUBAI, United Arab Emirates: A prominent human rights lawyer in Ir...

Iran condemns Britain for listing ally Hezbollah as ‘terrorist’ group
  • Sat, 02 Mar 2019 23:22

Author: ReutersID: 1551523169844729100Sat, 2019-03-02 10:30 DUBAI: Iran criticized Britain for its decision to list Hezbollah as a terroris...

Yemeni government calls on Iran to stop supporting of Houthis
  • Sat, 02 Mar 2019 18:36

Author: Sat, 2019-03-02 08:12 Yemen’s Foreign Minister has called on Iran to abide by the principles of the Organization of Islamic Cooperatio...

US takes ‘note’ of Iran foreign minister resignation: Pompeo
  • Tue, 26 Feb 2019 10:55

Author: AFPID: 1551149886570647100Tue, 2019-02-26 02:32 WASHINGTON: Iranian Foreign Minister Mohammad Javad Zarif is “one of the “front...

Afghanistan launches new export route to India through Iran
  • Mon, 25 Feb 2019 10:32

Author: ReutersID: 1551032605006949800Sun, 2019-02-24 14:48 KABUL: Afghanistan began exports to India through an Iranian port on Sunday, of...

Kashmir shuts to protest Indian crackdown against activists
  • Sun, 24 Feb 2019 19:00

Author: APID: 1550997354484098800Sun, 2019-02-24 08:26SRINAGAR, India: Shops and businesses have closed in Kashmir to protest a sweeping cra...

container ship in import,export port against beautiful morning l by Khunaspix Suriya silsaksom
  • Sat, 23 Feb 2019 10:54

container ship in import,export port against beautiful morning l by Khunaspix Suriya silsaksom container ship in import,export po...

Terror funding has ‘new face,’ warns Saudi Arabia's attorney general
  • Thu, 21 Feb 2019 14:25

Author: Wed, 2019-02-20 22:43 JEDDAH: The changing dynamics of terror financing and money laundering posed a growing problem for countries and o...


الاقسام