Iran ratifies a law joining a United Nations convention against terror financing, local media reports, in hopes it will lead to access to global banking, an easing of trade and relieving pressure on its sanctions-hit economy.
Iranian President Masoud Pezeshkian was elected last year on a promise to ease relations with the West and secure the lifting of sanctions that are hurting the economy.
His administration is trying to bring the country into line with the demands of the Financial Action Task Force (FATF), which monitors money laundering and terrorist financing.
Tehran has for years provided support to the Hamas and Hezbollah terror groups, as well as Yemen’s Houthis. Iran’s Islamic Revolutionary Guard Corps (IRGC) is designated a terror group in the US.
Times of Israel staff contributed to this report.
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