The Expediency Council settles disputes between parliament, which approved the bill last year, and the conservative-dominated Guardian Council, which vets all legislation and had rejected it. Iran is alone with North Korea on the FATF’s blacklist — although the Paris-based organisation has suspended counter-measures since June 2017 while Iran works on reforms. The other parties to the deal — Britain, France, Germany, China and Russia — have sought to salvage the agreement and maintain trade with Iran, but have called on Tehran to meet FATF requirements. The anti-money laundering bill is one of four pieces of legislation put forward by the government to that end. The Expediency Council currently has 38 members, all appointed by supreme leader Ayatollah Ali Khamenei.

Source: The Guardian January 05, 2019 12:11 UTC