Iran ratifies law to join anti-terror finance pact

Iran ratified a law joining a United Nations convention against terror financing, local media reported yesterday, in hopes it will lead to access to global banking, an easing of trade and relieving pressure on its sanctions-hit economy.

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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.

Support to militants