CBI Again Warns Banks Against Handling Suspicious Transactions

The Central Bank of Iran on Wednesday asked banks and credit institutions to withhold processing transactions suspicious of money-laundering. 
In a press statement posted on its website, the CBI said it has detected and blocked several “unusual transactions” and fired managers of the involved bank branches.   
“The regulator detected unusual transactions for which there was strong evidence of illegal trade and lacked  clear legal and economic purpose,” the CBI said, without elaboration.