The Central Bank of Iran has called on the banking system to enforce anti-money laundering and combating the financing of terrorism measures by establishing strong compliance departments.
CBI Governor Valiollah Seif on Wednesday met with the chief executives of banks at the CBI headquarters and urged them to implement AML/CFT standards in their operations, especially by screening their customers.
"Combating money laundering and financing of terrorism are a national necessity that has been emphasized both by the law and Sharia, and have an important role in stopping corruption," Seif was quoted as saying by CBI's website.
March 07, 2018 21:14
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Iran Banks Urged to Enforce AML/CFT Measures
Valiollah Seif met with the chief executives of banks and urged them to implement AML/CFT standards in their operations, especially for screening customers and identifying suspicious transactions
Compliance departments in banks are not yet fully in place, which is a serious barrier to complying with international regulations
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