Saturday, May 25, 2024

Financial Corruption

Officials Join Social Media Campaign against Nepotism in Iran

Several Iranian officials have responded to the social media campaign #Where_Is_Your_Child, which aims to shed light on nepotism that some believe plagues the country and is partly to blame for rampant corruption and mismanagement.

Iran Leader Urges “Swift, Just” Prosecution of Those Involved in Economic Corruption

In response to a letter by Head of Iran's Judiciary Branch, seeking permission to take special measures in order to confront economic corruption, the Leader of the Islamic Revolution approved the request and called for “swift and just” legal action against economic corruption.

Iran Legislation Watchdog Ratifies Parliamentary Amendment to CTF Law

The spokesman for Iran’s Guardian Council says the body has ratified a legislation amending a law on Counter Terrorist Financing (CTF).

“Iranian Government to Resolve Economic Crisis Soon”

Iran’s First Vice-President Es’haq Jahangiri says the new economic conditions in Iran will not continue and the government plans to introduce a new foreign currency package to deal with the situation.

Gov’t under Pressure to Do More to Stop Rial’s Historic Plunge

The Iranian government is under great pressure to take more steps to normalize what the Central Bank calls “unusual” economic conditions, as the country grapples with a flagging economy and the national currency slides to record lows.

Hemmati Appointed New Governor of Iran’s Central Bank

Abdol-Nasser Hemmati, a former head of Iran’s Central Insurance, has been appointed as the new governor of the Central Bank of the Islamic Republic of Iran.

Iran President Urges Immediate Action against Corruption in Car Importation

Iran’s President Hassan Rouhani has called on the Judiciary to seriously deal with the recent offences and financial corruption in importing automobiles.

“Saudis Collected 3.5 Million Gold Coins from Iran Market”

An Iranian lawmaker claims the Saudis have sent agents to Iran to collect some 3.5 million gold coins from Iran and transfer them to Iraq in a bid to disrupt the Islamic Republic’s economy.

‘Sultan of Gold Coins’ Arrested in Tehran

Iranian police forces have arrested a man who had hoarded about two tonnes of gold coins over a period of 10 months.

FATF Extends Suspension of Counter-Measures against Iran until October

The Financial Action Task Force says it has decided to continue the suspension of its counter-measures against Iran, but Tehran needs to enact amendments to its AML and CFT laws and ratify the Palermo and TF Conventions by October.

Iran Leader Urges Judiciary to Prosecute Those Disrupting Economy

The Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei has ordered the country’s Judiciary to take serious measures against those who disrupt the country’s economic security.

No Need to Join Int’l Treaties that Are against National Interests: Iran Leader

Ayatollah Seyyed Ali Khamenei, the Leader of Iran’s Islamic Revolution, says there is no need to join international treaties and conventions that do not serve the country’s national interests.

Araqchi Assures MPs that Joining FATF Won’t Pose Security Threat to Iran

Iranian Deputy Foreign Minister for Political Affairs Seyed Abbas Araqchi said the country’s membership in the Financial Action Task Force (FATF), the policy-making body of the international financial system, would not pose any security threat to the Islamic Republic.

Lawmakers Ratify Iran’s Accession to Palermo Convention

Members of the Iranian parliament have unanimously approved an amended version of a bill on Iran’s accession to the United Nations Convention against Transnational Organized Crime (UNTOC).

Iran Develops Its Own Digital Currency

Iran says an experimental model of an Iranian cryptocurrency has been developed based on the block-chain technology, and can significantly facilitate financial transactions in the country when created.

12 Arrested in Tehran over Illegal Currency Exchange

Tehran’s police chief says 12 unlicensed dealers accused of disrupting Iran’s currency market have been arrested on Tuesday, as part of measures to stabilise the rial that has been going down in recent weeks.

Rahim-Mashaei, Another Ally of Ahmadinejad, Arrested in Iran

Former vice president of Iran Esfandiar Rahim Mashaei was detained by the police for questioning, judicial authorities said.

Iranian Anti-Corruption NGO Launches Petition Website

The Iranian corruption watchdog Justice and Transparency Watch has launched a petition website aimed at enabling the 80-million nation to issue demands from the government and other state organs.

US Using Dollar as Economic Weapon against Other Countries: Iran

A senior Iranian security official says Washington has formally announced that it is using the greenback as an economic tool to impose its will on other countries.

Iran Working on Plan to Oblige Officials to Restitute Ill-Gotten Gains

An Iranian lawmaker has expressed support for a plan which calls for the restitution of the properties illegally gained by Iranian officials.

FATF Once Again Suspends Countermeasures against Iran

The Financial Action Task Force, an international anti-money laundering body, has once again delayed some penalties against Iran, but kept the Islamic Republic in its black list and threatened action in June.

“FATF Accession Impossible If Found to Be against Iran’s National Interests”

An Iranian lawmaker says the Parliament will not approve the country’s accession to the Financial Action Task Force (FATF) if it proves to be against the Islamic Republic’s interests.

“Iran’s Cooperation with FATF to Increase Impact of Sanctions”

The conservative newspaper Kayhan has harshly criticized the Iranian government’s plan to implement the regulations of the Financial Action Task Force (FATF), saying such cooperation would just make more effective the US sanctions on Iran.

Iran’s Police Makes 90 Arrests to Control Forex Market (+Video)

Ten exchange facilities have been closed down and 90 foreign currency dealers arrested in a police raid in Tehran aimed at controlling the surging forex rates mainly caused by non-economic factors.

Iran Leader Calls for Serious Fight against Corruption among Officials

Leader of Iran's Islamic Revolution Ayatollah Seyyed Ali Khamenei has called for a serious fight against corrupt officials within the Islamic Establishment, stressing that people are angry about corruption and discrimination.

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