Iran's Khamenei advises parliament to pass own anti-money-laundering law
None
BEIRUT - Iran's Supreme Leader said on Wednesday that parliament should pass legislation to combat money laundering according to its own criteria in a speech that could make it harder for the country to attract foreign investment.
Ayatollah Ali Khamenei's advice makes it less likely that parliament would use the global Financial Action Task Force's criteria as the basis for its bill. Foreign businesses say a bill that includes FATF guidelines is essential if they are to increase investment.
"Some of these treaties have useful parts, it's not a problem," Ayatollah Ali Khamenei said in a speech to 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."
