Credit - Bloomberg

Iran banking reform blocked for second time by Clerical Council

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The council said the bill was not yet compatible with Iran’s constitution and Islamic law.

Wednesday 02, January 2019

(bloomberg)--Iran’s Guardian Council, a top political chamber of clerics and lawyers, has rejected for a second time an anti-terrorism financing bill aimed at bringing the lending sector closer to international standards, the semi-official Tasnim News agency reported.

The council, which vets major parliamentary decisions and new legislation, said the bill was not yet compatible with Iran’s constitution and Islamic law, Tasnim reported, citing a letter from the council to Parliament on Sunday.

TAGS : Iran, Guardian Council, anti-terrorism financing bill

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