AML Measures, Indispensable part of Banking Culture in Bank Melli Iran

Monday, December 25, 2017
Panahi, Board Member and Head of International Affairs of BMI, emphasizing that combatting money laundering means customer orientation, said;" combatting money laundering and financing of terrorism are indispensable for culture of banking in BMI."

According to the report of Public Relations Dept. of BMI, the first AML supplementary training course was started with the presence of Panahi, Head of International Affairs and a number of managers of BMI around the country simultaneously and it will be held for 3 days.

Panahi emphasized that AML issue is a prerequisite for banking functions. Risk management's integrated into banking so that what we need is move towards process fulfillment on the basis of risk management.

He said;" According to Article 1 of AML Law, any proceeds from illegal activities is subject to this law and today countering AML is one of the most effective ways of countering financial corruption."

Panahi continued his saying; "Although in some situations it's inferred that combatting money laundering or receiving customers' information are inconsistent with customer orientation, it's not a correct statement. The customers definitely tend to interact with reputed banks."

He said;"11,000 managers are acquainted with AML requirements and international regulations during this course. Compliance and AML are main factors in assessing banks as well as KYC regulations which emphasize customer recognition."


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