Central Bank of Iran Expands Scope of AML Regulations

The Central Bank of Iran Sunday issued new instructions obliging banks to monitor the transactions of customers based on their “level of activity”. 
The instructions, seen on the CBI website, require banks to determine the potential of banking activity of each customer and register the information on a centralized data base. 
Data will be analyzed by supervisory bodies to determine if the transactions are within the announced levels or beyond the ceilings set for “expected banking activity” for each customer. 
Based on the potential level of activity, customers are categorized into two groups: natural entities who are jobless and legal entities that are financially inactive.