EghtesadOnline: President Hassan Rouhani on Tuesday strongly defended his government's initiative to comply with global anti-money laundering and countering financing of terrorism standards, saying failure to do so would be a blow to Iran's banking and financial ties with the outside world.
EghtesadOnline: The intergovernmental Financial Action Task Force convenes in Paris this week for its plenary meeting. Among other things, it will look into Iran's progress with the Action Plan, the anti-money laundering body says is necessary for Iran to fulfill if it wants to be removed from the list countries with money laundering and financing of terrorism risks.
EghtesadOnline: Following the approval of a measure by lawmakers that allows Iran to formally join the UN treaty for combating the financing of terrorism earlier this week, Iranian residents in South Korea can now open bank accounts, said the secretary-general of Iran-South Korea Chamber of Commerce.
EghtesadOnline: Iranian lawmakers on Sunday approved a measure that allows Iran to formally join the International Convention for the Suppression of the Financing of Terrorism, clearing a major hurdle to improve Iran's status with the global anti-money laundering body, the Financial Action Task Force.
EghtesadOnline: The government bill that allows Iran to join the international Convention for the Suppression of the Financing of Terrorism is back on the Majlis floor after the two-month hiatus had stalled the key legislation relating to Iran's Action Plan with the Financial Action Task Force.
EghtesadOnline: 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.