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IMF Highlights Iran’s AML/CFT Progress

Noting that Iranian authorities are conscious of the risks and potential implications emanating from financial crimes, IMF acknowledges the fact that they have initiated reforms to strengthen the anti-corruption and AML/CFT frameworks
According to IMF, Iran made significant improvements to the AML/CFT legal and institutional frameworks since June 2016.According to IMF, Iran made significant improvements to the AML/CFT legal and institutional frameworks since June 2016.

The International Monetary Fund, in its latest assessment of Iran's economic situation as part of its Selected Issues paper, has hailed Iran's progress in upgrading its legislative and institutional anti-money laundering and combating the financing of terrorism (AML/CFT) framework.
IMF believes this would help facilitate the country's broader connections to the global banking system, the world body's website reported. 
Noting that Iranian authorities are conscious of the risks and potential implications emanating from financial crimes, IMF acknowledges the fact that they have initiated reforms to strengthen the anti-corruption and AML/CFT frameworks.
After listing Iran's accomplishments in AML/CFT areas, IMF makes several recommendations to further improve Iran's status with the Financial Action Task Force and accelerate Iran’s reintegration into the international financial and trade systems.
The first pillars of the framework were established with the adoption of the AML law (2008) and its bylaw (from 2010) that criminalized money laundering, set up the AML coordination body—the AML High Council composed of several ministries—and the Financial Intelligence Unit, and put in place preventive measures for financial institutions and certain non-financial businesses and professions. 

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