The Financial Action Task Force has once again extended the suspension of active countermeasures against Iran in recognition of its efforts to remove its deficiencies concerning anti-money laundering and the combating of financing of terrorism regulations Reported by HPMM Group according to FINANCIAL TRIBUNE ; The Financial Action Task Force has recognized measures taken by Iran to […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The US effort to put Iran in a financial bind meant European banks were paying big fines and closing off its money flows amid severe sanctions on the country’s banking and energy sectors. But as US enforcement officials would soon discover, Iran had found a new […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The Iranian government is increasingly paying more attention to expansion of new financial instruments, mainly through supporting fintechs and developing electronic banking. Minister of Economic Affairs and Finance Masoud Karbasian and Central Bank of Iran’s Vice Governor Akbar Komijani have become the latest high-profile officials to […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; British mining and mineral processing technology company Alexander has executed a commercial and technical partnership agreement with Turkish specialist mineral processing consulting company Proses. The agreement covers the potential application and use of Alexander’s proprietary processing technologies and know-how (MetaLeach Technology) in the Middle East, including […]
Tehran and Erbil have reportedly agreed to raise the number of border crossings between them to six from a current three According to official KRG figures, Iran represents the Kurdish region’s second largest trading partner after Turkey Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iran and northern Iraq’s Kurdish Regional Government hope to […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Months after the idea was first publicized, it seems that Iran is now inching closer to tapping into the potentials of blockchain technology to operate its own virtual currency. On Wednesday, Minister of Communications and Information Technology Mohammad Javad Azari-Jahromi, used his Twitter account to provide […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; In continuation of the initiative to transfer the bank accounts of state-owned enterprises to the Central Bank of Iran with the aim of boosting transparency, income accounts in provinces other than Tehran will be moved during the next fiscal year (starting March 21). According to Masoud […]
One of the principles of forex market transparency is that the person or institution offering the service should identify who receives those services. Therefore, KYC is a serious issue related to anti-money laundering and combating the financing of terror Market oversight will continue with Law-Enforcement Forces, Interior Ministry and judiciary having devised forex rules that […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Foreign ministers of the Netherlands and Spain are in Tehran for expansion of bilateral economic and political ties. Sigrid Kaag, who also doubles as minister of foreign trade and development cooperation of the Netherlands, met with President Hassan Rouhani on Wednesday. The two sides stressed the […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The development of the strategic Chabahar Port is becoming a success story in the Iran-India relationship. The Iranian port on the Sea of Oman is a key project for the two countries. Originally agreed to in 2003 between the two countries, the project was suspended during […]
