Sec. 4. Certification requirement for removal of designation of Iran as a jurisdiction of primary money laundering concern
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The President may not remove the designation of Iran as a jurisdiction of primary money laundering concern pursuant to section 5318A of title 31, United States Code, unless the President submits to the appropriate congressional committees a certification described in subsection
(b)with respect to Iran. The President may remove the designation of Iran as a jurisdiction of primary money laundering concern if the President submits to the appropriate congressional committees a certification that the Government of Iran is no longer engaged in support for terrorism, pursuit of weapons of mass destruction, and any illicit and deceptive financial activities. The certification described in subsection
(b)shall be submitted in unclassified form, but may contain a classified annex. In this section, the term appropriate congressional committees means— the Committee on Foreign Affairs and the Committee on Financial Services of the House of Representatives; and the Committee on Banking, Housing, and Urban Affairs of the Senate.