TEHRAN (CBI PR dept) - Farshad Heidari, Vice Governor for banking supervision affairs, stated that the removal of unlicensed financial institutions improved the relationships with global banks.
In a news conference held to provide a national report on the regulation of unlicensed financial institutions, Heidari addressed:” as many other rules, the unlicensed institutions did not implement anti-money laundering rule either, so it was a problem for which we might be criticized. Since an agent engages in monetary activities within the country without complying with the rules.”
“We must certainly enforce anti-money laundering regulations for the safety of monetary relations. This will bring about the health of our administrative and banking system and improve the relations between our citizens. These regulations are being executed in banks of the country in accordance with the rules of anti-money laundering (AML) ratified by the Islamic Consultative Assembly” The vice governor continued.
“Eliminating these unlicensed financial institutions from the monetary arena will dramatically increase the trust to the banking network and licensed credit institutions and improves the relationships with the network of banks around the world. Surely today our banks are more trusted in this regard.” He noted at the end.