Iran’s Khameni advises parliament to pass own anti-money laundering law

Iran has been attempting to implement standards set by Financial Action Task Force, a global group of government anti-money-laundering agencies. (AFP)
Updated 20 June 2018
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Iran’s Khameni advises parliament to pass own anti-money laundering law

BEIRUT: Iran’s Supreme Leader advised members of parliament on Wednesday to pass their own legislation to combat money laundering, decreasing chances that laws based on requirements by the global Financial Action Task Force (FATF) will be passed.
“Some of these treaties have useful parts, it’s not a problem,” Aytollah Ali Khamenei said in a speech to members of parliament, according to a transcript published on his official website. “The solution for this issue is that the parliament should make up its own law. For example, a law for fighting money laundering. There is no need for us to accept things that we don’t know where they will end up.”
Iran has been attempting to implement standards set by FATF, a global group of government anti-money-laundering agencies, in the hopes it will be removed from a blacklist that makes some foreign investors reluctant to deal with the country.


Son of Iranian-American detainee asks Tehran ‘to show mercy’

Baquer Namazi. (Twitter)
Updated 16 November 2018
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Son of Iranian-American detainee asks Tehran ‘to show mercy’

  • Baquer Namazi, 81, has been held in Iran for over two years

WASHINGTON: The family and attorney of an Iranian-American dual national held in Tehran say his health is rapidly deteriorating and are appealing to the Iranian authorities to allow him to leave for medical treatment.
Babak Namazi, the son of Baquer Namazi, is asking Iran “to show mercy to my father.”
Baquer Namazi, 81, has been held in Iran for over two years. He and his son Siamak Namazi were convicted of collaborating with a hostile power in 2016 and sentenced to 10 years in prison.
The elder Namazi has been diagnosed with narcolepsy in addition to battling a heart condition in prison.
Babak Namazi and the family’s attorney say they believe direct engagement between the US and Iran is “critically important” to secure the release of the elder Namazi.