CBI Intensifies Oversight

Governor of the Central Bank of Iran Valiollah Seif announced that in the first term of President Hassan Rouhani’s presidency, about 30 cases of violations by banks were sent to CBI’s Disciplinary Committee. Seif noted that before 2013, an insignificant number of banking violations were referred to the disciplinary committee, which shows CBI is putting extra effort to identify and tackle banking violations. CBI’s governor made the remarks in a meeting convened by the Office for Combating Economic Corruption on Monday. Seif thanked the anti-corruption body’s efforts and support, which enabled CBI to curb the activities of unauthorized banks and credit institutions.