Iran’s Expediency Council failed to endorse legislation aimed at combatting terrorism financing in advance of a February 2020 deadline set by the Financial Action Task Force (FATF) before it imposes counter-measures on the country. Passing the Combating the Financing of Terrorism bill would have allowed Iran to join the U.N. conventions against money laundering and funding terrorism. Iran’s Parliament ratified the bill in 2018, but the Guardian Council withheld the endorsement needed for legislation to become law, and the issue was referred to the Expediency Council for arbitration.