Holistic Approach Needed to Clean Up Dirty Money

The Central Bank of Iran says it will employ smart supervision technology to better supervise banking operations and monitor their compliance with anti-money laundering rules.
In a meeting with bank representatives on Thursday, CBI deputy for supervision, Abouzar Soroush, said a holistic approach, reliable data and information plus efficient oversight systems are the main requirements for the efficient  monitoring of banks. 
"Two steps have been considered in this regard, which are being pursued in tandem, namely implementation of the data governance system in the CBI and banks and the completion of databases whose information is not in the banking network and must be obtained from ministries and executive boeides," CBI website quoted Soroush as saying.