AML Law Amendment Underway
AML Law Amendment Underway
Tuesday, May 15, 2018

Iran AML Law Amendment Underway

Tuesday, May 15, 2018

Iran AML Law Amendment Underway

In view of the Financial Action Task Force’s next plenary meeting in June, Iran is updating its Anti-Money Laundering Law, along with other ongoing reforms to fulfill the body’s action plan. 
Last week, the lawmakers passed the amendment bill to the current AML Law, which also addresses Combating Financing of Terrorism Law. 
According to the official news outlet of the parliament, 139 of the 225 lawmakers present during last week’s session agreed with the general outlines of the bill formally submitted by President Hassan Rouhani on Nov. 20 along with the CFT amendments.
 MPs, however, decided to discuss the details of the bill and address the more controversial points of the bill during upcoming sessions. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/XojPxA
  1. https://goo.gl/k247Fo
  • https://goo.gl/tDw4iX
  • https://goo.gl/Wd9Stn
  • https://goo.gl/1zPrBa
  • https://goo.gl/zAmJSW

You can also read ...

Effects of Sanctions on Food Consumption of the Poor
It is now clear that the purpose of US sanctions against Iran...
CBI Moves to Sideline USD
As part of the latest measure to ditch the US dollar from the...
Surcharge on Forex Rate Difference “Illegal”
The retrospective application of Clause Five of the government...
New Online System to Monitor Warehouses Countrywide
All warehouses in Iran are required to register in the so-...
Bank Loans Hit €18 Billion in 4 Months
Banks and credit institutions allocated a total of 1.67...
Sanctions, Banking Troubles Facing Iranians in Hong Kong
Banking for companies that do business with Iran–as well as...
Sesame Oil, Products Imported From  6 Countries
More than 1.38 million tons of sesame oil and products worth $...
Gov’t to Build  2 New Towns
The Iranian government will commence the process of building...

Add new comment