Finance

Gov’t spokesperson on FATF: Iran needs to prove non-association with terrorist groups

The Iranian government spokesperson addressed the issue of Iran's adherence to the Financial Action Task Force (FATF) regulations, stressing the need for Iran to demonstrate that it does not engage with global terrorist groups and pave the way to improve the economic situation.

Russia’s 2nd largest bank to open branch in Tehran

VTB Bank, the second-largest bank in Russia, has announced its intention to convert its representative office in Tehran into a full-fledged branch.

Iran’s executive VP: Approval of FATF will alleviate sanctions pressure

The Iranian executive vice president says that the government is persistently pursuing the approval of the Financial Action Task Force (FATF), which will significantly reduce the pressures resulting from sanctions.

Iran Central Bank ex-deputy governor: Even China closed Iran’s bank accounts due to non-compliance with FATF

A former deputy governor of the Central Bank of Iran has pointed out that China closed Iran's bank accounts due to Tehran's non-compliance with the Financial Action Task Force (FATF).

Official: Iran reconsidering FATF accession to smooth international relations

The head of the Iranian government's Information Council has announced that joining to the Financial Action Task Force (FATF) is once again on the agenda to facilitate smoother international relations.

Iran’s export confederation chief emphasizes need for FATF compliance

The head of Iran's Export Confederation, has stressed the critical importance of Iran joining the Financial Action Task Force (FATF) for the development and strengthening of foreign trade.

Former Iranian minister calls for reconsidering decision regarding FATF

A member of the Motalefeh Party in Iran has said the country needs to reconsider its views regarding the acceptance of the FATF (Financial Action Task Force) regulations that are aimed at fighting money laundering at an international level.

Pres. Pezeshkian stresses collaboration with private sector, FATF review to address economic challenges

Iran’s President Masoud Pezeshkian emphasized that resolving the country’s economic challenges is impossible without the active involvement of the private sector.

Iran inaugurates Incheh Borun free zone customs

The Incheh Borun Free Zone Customs in northern Iran was inaugurated on Friday with the presence of several officials, including Secretary of the Supreme Council of Free Trade, Industrial, and Special Economic Zones, Reza Masroor.

Iran proposes development fund for D-8 members

Iranian President Masoud Pezeshkian has highlighted the necessity of establishing financial mechanisms to enhance trade among D-8 member states to advance the organization’s goals.

Iran pushes for FATF membership to boost global trade

As a growing number of Iranian economic leaders stress the importance of joining the Financial Action Task Force (FATF) to enhance the country's global trade share, the head of the country’s Chamber of Commerce has stressed, adding that integrating with FATF would significantly benefit Iran's economy and improve international relations.

Iran’s Central Bank says to launch digital Rial in near future

Governor of the Central Bank of Iran Mohammad Reza Farzin has announced that the digital Rial will begin operations soon. He also stressed that the development of modern banking is one of the central bank’s key ongoing goals.

Iran ex-Central Bank Governor: FATF compliance could facilitate transactions with China, Russia

A former governor of Iran's Central Bank, underscored the potential benefits of Iran's compliance with the anti-money laundering Financial Action Task Force (FATF) standards, particularly in enhancing international banking transactions.

Former official: Iran president has sufficient momentum for FATF approval

The debate over the Financial Action Task Force (FATF) continues to intensify in Iran, with key political figures expressing divergent views.

Unofficial sources say several Iranian banks hit by massive cyberattack

A massive cyberattack that hit Iran last month threatened the stability of its banking system and forced Tehran to agree to a ransom deal of millions of dollars, Politico reported citing people familiar with the case. The Islamic Republic has yet to respond to the claim.

Russia’s largest bank to participate in major Iranian financial event

The secretary of the policy-making council of the 14th Iranian financial industry event says Russia’s largest bank which holds an asset value of 290 billion dollars, will certainly participate in this year's Stock Exchange, Bank and Insurance Exhibition in the Islamic Republic.

Official: De-dollarization, Rial’s immunity from sanctions in Iran-Russia monetary agreement

The Deputy for International Affairs at the Central Bank of Iran (CBI) detailed the monetary agreement between Iran and Russia aimed at achieving de-dollarization, stating that this move pushes the Iranian Rial towards being unsanctionable.

Iranian Daily: Complying with FATF most daunting challenge for President-Elect Pezeshkian

The first and foremost challenge for Iran’s newly elected reformist President Massoud Pezeshkian is to fall into steps with the directives of the Financial Action Task Force (FATF) watchdog in order to reap its economic interests, a newspaper argues.

Official: Iranians can withdraw money from Russian ATMs with bank cards

Iran’s Central Bank governor says from late August, Iranians can withdraw money from Russian ATMs with Iranian bank cards.

Iran’s Central Bank chief proposes FATF-like institution for BRICS

In a forward-looking proposal, Governor of the Central Bank of Iran Mohammad Reza Farzin suggested the establishment of an institution akin to the Financial Action Task Force (FATF) among BRICS nations.

Official: Iran, Russia left SWIFT system

Tehran and Moscow have officially switched from the West’s SWIFT financial clearing system to a direct interbank transfer mechanism, the deputy head of the Central Bank of Iran (CBI) has stated.

Iran rejects US media reports over unblocked assets in Qatar

Nour News, which is affiliated to Iran's Supreme National Security Council, has rejected a US media report that Tehran had been barred from accessing its $6 billion funds recently unfrozen and transferred to Qatari banks.

Iranian speaker: BRICS’ equivalent of SWIFT can replace US-owned money transfer system 

Iran’s Parliament Speaker Mohammad Bagher Ghalibaf says BRICS has its own money transfer system which can replace US-owned SWIFT.  

Iran starts using newly-unblocked assets in Qatar

Tehran and Doha have agreed a mechanism that allows Iran to tap into funds recently unfrozen and deposited into bank accounts in Qatar as part of an agreement with the United States.

Iranian expert calls for resolving FATF-related concerns

An Iranian foreign policy expert says before pursuing India-Europe trade routes, Iran should resolve the issue of sanctions and addressing the FATF (Financial Action Task Force) concerns.

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