Financial Tribune - In line with provisions of anti-money laundering guidelines, the Central Bank of Iran has further tightened rules for daily bank transactions.

As per the new regulations, transactions via all inter-bank systems will be limited to 1 billion rials ($7,400) per person per day, according to a notice on the CBI website.

The restrictions come into effect on December 11 (today).

Restrictions cover transactions conducted on various online payment platforms, the CBI notice emphasized without elaborating on the name of payment platforms.