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Iranian MPs welcome decision to join CFT
On Wednesday, Iran’s Expediency Council approved the country’s conditional accession to the CFT, a council spokesperson said.
Mohsen Dehnavi said on X that after four full sessions and joint committee meetings, the council approved Iran’s conditional accession to the CFT.
The ratification is a key step toward improving Iran’s position with the Financial Action Task Force (FATF) as accession to the CFT remains the final requirement for the country’s membership in the taskforce.
Iranian lawmaker Javad Arian Manesh said the first and most important impact of approving the CFT in the Expediency Council is getting out of the FATF blacklist.
He said Iran’s presence on the FATF blacklist has prevented banks and international financial institutions from cooperating with Iran.
The removal of Iran from the blacklist can facilitate Iran's international banking and financial relations.
Seyyed Farid Mousavi, another lawmaker, said that given the return of UN sanctions on Iran, no one should expect that Iran’s accession to the CFT will remove all the obstacles facing Iran’s economy.
“Our problem isn't just the sanctions — even non-Western banks are unwilling to cooperate due to Iran’s presence on the FATF high-risk list.”
Another parliamentarian Ahmad Nikfar called the FATF a “tool” in the hands of powerful countries used to undermine the rights of other nations.