Current Affairs - International - Discussion

Iran's Parliament approved a Bill to counter terrorist financing. It was strongly opposed by conservatives but seen as vital to salvaging the nuclear deal with European and Asian partners. The objective of the Bill is to bring Iran's laws in line with international standards and allow it to join the UN Terrorism Financing Convention. The Bill, that was put forward by Iran's government, is a bid to meet demands by the international Financial Action Task Force (FATF). FATF urged Iran to tighten its laws against money laundering and terror financing. The issue has become particularly pressing since the United States walked out of the 2015 nuclear deal with Iran earlier this year and began reimposing sanctions.