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Valiollah Seif
Valiollah Seif
Thursday, February 22, 2018

Iran's CB Applying AML Rules to Forex Transactions

One of the principles of forex market transparency is that the person or institution offering the service should identify who receives those services. Therefore, KYC is a serious issue related to anti-money laundering and combating the financing of terror
Market oversight will continue with Law-Enforcement Forces, Interior Ministry and judiciary having devised forex rules that no one can violate
Thursday, February 22, 2018

Iran's CB Applying AML Rules to Forex Transactions

Governor of the Central Bank of Iran said on Wednesday anti-money laundering rules such as know your customer (KYC) controls are being implemented in the foreign exchange market and the recent crackdown on currency hawkers in the capital was a step in that direction. 
"One of the principles of forex market transparency is that the person or institution offering the service should identify who receives those services. Therefore KYC is a serious issue related to anti-money laundering and combating the financing of terrorism, which requires special sensitivity," Valiollah Seif also said in an interview with the parliament's news website ICANA. 

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02/22/2018
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