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Signing of the Memorandum of Cooperation between the Financial Center and the Financial Information Center and Combating Money Laundering of the Ministry of Economy

According to the Iran Capital Market (Sena) news site, the Financial Center of Iran and the Financial Intelligence and Anti-Money Laundering Center of the Ministry of Economy signed a memorandum of understanding on bilateral educational cooperation.

This memorandum was signed with the aim of cooperation between the parties to hold anti-money laundering and terrorist financing training courses (preliminary, intermediate and advanced anti-money laundering training courses).

In the memorandum of understanding between the Financial Center of Iran and the Financial Information Center of the Ministry of Economy, it is stated that: due to the importance of training on the fight against money laundering and financing of terrorism according to Article 145 and 146 of the Executive Regulations of Article 14 of the Law on Combating Money Laundering and Financing of Terrorism, this A memorandum of understanding was signed.

The Financial Intelligence Center is a national center that is responsible for receiving and analyzing suspicious transaction reports and other information related to money laundering, related crimes, and terrorist financing and sending the results to the competent authorities.

The Financial Information Center (Financial Information Unit) of the Ministry of Economic Affairs and Finance is responsible for the duties listed in Article 38 of the Executive Regulations of the Anti-Money Laundering Law as follows:

1- Collecting and obtaining information on suspicious transactions

2- Evaluation, review and analysis of suspicious transactions and reports

3- Inserting and classifying information in mechanized systems

4- Announcing the details of persons with a history of money laundering or terrorism financing to the subject persons for further care or termination of cooperation, if requested by the relevant authorities.

5- Providing analyzed information needed by judicial authorities, officers and institutions responsible for fighting terrorism in the country, upon request by relevant authorities.

6- Preparation of the necessary statistics of actions taken during the fight against money laundering

7- Preparation of required software and information systems

8- Ensuring the security of the collected information

9- Information exchange with international organizations and institutions according to regulations

10- Collecting and obtaining international experiences

11- Sending reports to the judicial system that are likely to be true or likely to be important

12- Follow up on reports sent to judicial authorities

13- Drafting the annual program of the financial information unit for approval by the council

14- Responding to the inquiries of the affected persons as soon as possible

15- Announcement of the opinion on the specialized competence of the officials of anti-money laundering units proposed by the managers of the involved parties

The financial center of Iran has been operating since 2007 as a knowledge-based company with the shareholding of Tehran Stock Exchange, Commodity Exchange, O-Exchange, Energy Exchange and Central Depository of Securities and Funds Settlement. The main activities of this company are providing educational, research, financial and consulting services in money and capital markets.

To apply for an anti-money laundering training course (introductory, intermediate and advanced), visit the Iran Financial Center website or call 09371700571.