November 5, 2019
Publication:
Radio Farda
The Central Bank of Iran will require all Iranian banks to have an anti-money laundering unit. The move increases Iran's compliance with the Financial Action Task Force (FATF), which has set a February deadline for Iran to meet certain requirements before it will be blacklisted. The new regulations came at the directive of President Hassan Rouhani and will circumvent hardliners who have blocked several bills passed by the Iranian Parliament in response to FATF requirements.
