Business And Markets

Gov't Announces AML/CFT Organizational Framework

Gov't Announces AML/CFT Organizational FrameworkGov't Announces AML/CFT Organizational Framework

The Iranian government has issued a framework assigning tasks to executive bodies, as a part of an amendment to the Anti-Money Laundering and Countering the Financing of Terrorism Law. 
The framework was passed in the Cabinet's latest meeting on Saturday and approved by the judiciary. 
As per the announcement, the National Risk Assessment Working Group is required to establish sector-specific working groups for assessing risks related to money laundering and terrorism financing in the operations of banking, capital market, insurance and other financial institutions, along with non-financial sectors, the government's news portal reported on Monday. 


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