Iran has ratified a law to join the International Convention for the Suppression of the Financing of Terrorism (CFT) under the United Nations.
The law was promulgated by President Masoud Pezeshkian to align Iran with global standards on combating terrorist financing.
Iran aims to improve access to international banking, ease trade restrictions, and relieve pressure from sanctions-hit economic conditions.
The country has faced FATF (Financial Action Task Force) blacklisting since 2020 due to non-compliance, alongside nations like North Korea and Myanmar.
Iran has historically supported groups designated as terrorist by the U.S., including Hamas, Hezbollah, and the Houthis.