19 May 2024
Tuesday 12 February 2019 - 17:14
Story Code : 338214

Expediency Council found no link between FATF bills, INSTEX: member

MNA A member of the Expediency Council, Gholamreza Mesbahi, said the Council held a session today to study any possible connections between the four FATF-related bills and the EUs trade mechanism for Iran (INSTEX).

Gholamreza Mesbahi Moghadam told reporters on Tuesday that the security and legal committees of the Expediency Council held a joint session today to study any connections between the four FATF-related bills that Iran has been recommended to endorse in order to join the anti-money laundering watchdog, and the EUs trade mechanism for Iran, formally known as Instrument for Supporting Trade Exchanges (INSTEX).

He said the session concluded that there was no connection between the FATF-related bills and the EUs payment channel.

His comment came against the backdrop of certain concerns on the Iranian side that the EU has set up some conditions for Iran in order to make its trade mechanism functional.

Mesbahi maintained that the Council would hold a session next Saturday to address the UN Convention Against Transnational Organized Crime (known in Iran as Palermo), which is one of the two controversial FATF-related bills still undergoing intensive studies by Iran.

The other bill is the one on Irans accession to the convention against the funding of terrorism (CFT), which needs the Expediency Councils approval for endorsement.

Mesbahi Moghadam added that the results reached during todays session would be helpful to the Councils session on Saturday.

He further stressed that regional issues are related to Iran and regional countries only, adding Europeans need to comply with their commitments under the JCPOA, not to be setting new conditions for Iran.
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