New Benchmark for Business Banking   

The Central Bank of Iran on Monday set procedures for banks and the tax authority to differentiate the bank accounts of businesses and personal accounts. 
The regulator recently instructed banks to separate the accounts that business owners use for their business needs from regular accounts. 
Elaborating on the rules, Mostafa Qamari-Vafa, head of the CBI public relations department, said there are various methods for categorizing bank accounts. However, lenders must make certain two conditions before tagging a customer account as business account.