Anti-Money Laundering

Money laundering refers to the process by which the proceeds of criminal activity (Like drug trafficking, illegal arms sales, smuggling and etc.) are laundered in order to give the impression that it is originated from a legitimate source.

Several adverse and corrosive effects have been proved to be the result of money laundering. The effects of money laundering extend to social, economic and security circles like distorting business decisions, taking the control of economic policy away from the government, increasing the risk of banks' failure, etc.

The distorting effects of money- laundering made countries, along with international organizations, to take step and start combating money laundering, in particular through financial institutions.

The Islamic Republic of Iran, also, by criminalizing money laundering and adoption of an Act and Implementing Regulations has tried to combat this phenomenon. The Central Bank of the Islamic Republic of Iran(CBI), as the regulator of all financial and credit institutions, is also obliged to provide the said institutions with the required infrastructures and to monitor their compliance with the rules and regulations. The Central Bank of Iran has dedicated a part of its website to Anti-Money Laundering where you can easily access "Laws", "Implementing regulations(By-laws)" ,"Instructions", "Circulars", "Translation of AML/CFT documents" and "Researches on AML/CFT".

Highlights

	Laws In this section, you can see Anti-Money Laundering (AML) Law and other related laws. more...
	Implementing Regulations (By-laws) In this section, you can see Anti-Money Laundering (AML) Implementing Regulations, Regulations on documentation of cash flow in the country, implementing regulation for Law of Allocating National Identity Number and Postal Code to All Iranian Nationals, and other Implementing Regulations related to the AML. more...
	Instructions To fulfill the duties stipulated in the AML implementing regulations, several instructions have been prepared by the Central Bank of Iran and communicated to the banking system and other entities active in the monetary market of the country; some of which are as follow: • KYC Instruction for Iranian Customers of Credit Institutions; • Instruction for Sending Customers' Documents of Credit Institutions to their Postal Address; • Instruction for Estimating the Expected Level of Customers' Financial Operations in Credit Institutions; and • … You can see these instructions in this section. more...
	Translation of AML/CFT documents In order to enhance the technical knowledge and expertise of the banking system in the field of Anti-Money Laundering (AML) and Combating of the Financing of Terrorism (CFT); the Central Bank of the Islamic Republic of Iran (CBI) has translated and communicated the most important documents related to the AML/CFT issues to all Iranian banks and credit institutions. more...