Financial Tribune - Central Bank of Iran has required individual customers to provide documents showing the reason for transactions above 2 billion rials ($13,340 as per Sunday exchange rates). This is said to be in line with renewed efforts to improve transparency and accountability of bank transactions, enforce stringent anti-money laundering ...

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 ...

Financial Tribune - The CBI bylaw obliges non-bank credit institutions and moneychangers to participate in risk identification and risk management processes by assessing data during business interaction with customers An executive bylaw of the Central Bank of Iran has made it mandatory for banks and credit institutions to create special units to ...

Tasnim The Paris-based Financial Action Task Force (FATF) gave Iran a final deadline of February 2020 to tighten its rules against money laundering in compliance with the global watchdogs financial standards. If before February 2020, Iran does not enact the Palermo and Terrorist Financing Conventions in line with the FATF Standards, then the FATF ...

MNA Head of Iran's Passive Defense Organization Brigadier General Gholamreza Jalali has warned against joining the anti-money laundering body FATF, describing it as part of the financial and monetary conspiracy. Speaking at the IRGC Aerospace Force University, Head of Iran's Passive Defense Organization Brigadier General Gholamreza Jalali said ...

IRNA - The Iranian parliament elected on Sunday three lawmakers as observers of a council against money laundering and terrorism financing in a move that shows Tehran is serious in implementing the approved FATF bills. Lawmakers Qasem Mirzai Niku from Damavand, Shahab Naderi from Paveh and Hossein Reza Zadeh from Kazerun were voted in on Sunday ...

Financial Tribune | Fatemeh Mahjourian:The amended Anti-Money Laundering Law was finally signed into law by President Hassan Rouhani last month after it was studied in graphic detail by several entities, namely the specialized committees in government, parliament, the constitutional watchdog Guardian Council and the top arbiter, the Expediency Council....

MNA President Hassan Rouhani has forwarded the Act of Amendment to the Law of Anti Money Laundering to the Ministry of Economy and the judiciary. Under Article 123 of the Constitution of the Islamic Republic of Iran, President Rouhani forwarded the Act of Amendment to the Law of Anti Money Laundering to the Judicial Branch and the Ministry of Economic ...

Financial Tribune - The Security and Exchange Organization is working on a RFP (request for proposal) to launch a new comprehensive and intelligent anti money laundering mechanism that will help relevant authorities closely oversee trade in the capital market, a SEO official said. Roholla Najafi, head of SEO anti-money laundering committee says ...

Press TV - Irans parliament has adopted new amendments proposed by the government to the countrys Anti-Money Laundering (AML) law as part of efforts to improve connections to the international banking and trade system. An article about capital and profit in money laundering replaced an old one and was approved by 148 lawmakers from a total of ...

An Iranian entrepreneur who is the subject of US and EU sanctions for laundering oil money on behalf of Tehran is operating a successful family of businesses in Tajikistan. Babak Zanjanis Tajik empire includes a bank, an airline, a taxi service and a bus terminal that President Imomali Rahmon himself helped inaugurate in March.That cushy relationship,...