Iranian President Masoud Pezeshkian has signed into law the country’s conditional accession to the United Nations Convention for the Suppression of the Financing of Terrorism (CFT), approving it only within the limits of Iran’s constitution and domestic legislation.
In a formal decree on Tuesday, Pezeshkian instructed the judiciary, the ministries of interior, intelligence, justice, foreign affairs, and economy, as well as the Central Bank, to implement the law in accordance with national regulations -- a condition that could limit its impact even as Tehran seeks to ease its isolation from the global financial system.
Under conditions set by parliament and endorsed by the Expediency Council, Iran will act “within the framework of the constitution,” and in cases where any provision of the convention conflicts with national laws, “domestic legislation will take precedence,” council spokesman Mohsen Dehnavi said.
The move, which follows years of political wrangling, comes just a day before the Financial Action Task Force (FATF) plenary in Paris on October 22–24, where delegates from over 200 jurisdictions will discuss mutual evaluations and global efforts to combat money laundering and terror financing.
Iran’s Financial Intelligence Unit chief, Hadi Khani, has traveled to Paris to attend FATF plenary for the first time in six years at the group’s official invitation, according to state media.
Khani, who also serves as deputy economy minister and secretary of Iran’s Anti–Money Laundering and Counter-Terrorist Financing Council, is expected to outline Iran’s progress on its action plan, focusing on the recent approval of its accession to the UN Palermo Convention against transnational organized crime.
The Iranian delegation will brief FATF members on legislative and implementation steps and coordinate future meetings to address questions and clarify outstanding issues, IRNA reported.
In May, Iran’s Expediency Council, conditionally approved the country’s accession to the Palermo Convention, one of the two key legislative items tied to the FATF standards, alongside the CFT.
The Expediency Council, overseen by Supreme Leader Ali Khamenei, mediates disputes between parliament and the Guardian Council, a body that vets laws and candidates.
Supporters say joining the UN convention could help Iran align with FATF standards, reconnect with global banking systems, and attract investment, while hardliners warn it risks exposing financial channels used to evade US sanctions and fund regional allies.
Parliament Speaker Mohammad Bagher Ghalibaf sent the bill to Pezeshkian for implementation under Article 123 of the constitution last week after lawmakers rejected a conservative-backed motion to block the move, clearing the way for Iran to finalize its accession.
Iran and North Korea remain the only two countries still outside the FATF framework.
