Islamic Republic of Iran: Selected Issues

February 27, 2017

Preview Citation

Format: Chicago

Islamic Republic of Iran: Selected Issues, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This Selected Issues paper analyzes impediments to correspondent banking with the Islamic Republic of Iran. Even though international nuclear sanctions were lifted January 16, 2016, Iranian banks face protracted difficulties in reentering the international financial system through correspondent relationships with global banks. Significant challenges continue to prevent Iranian banks from fully reconnecting with global banks. These challenges relate mostly to remaining sanctions from the United States; the regulatory enforcement environment; and significant deficiencies in Iran’s Anti–Money Laundering and Combating the Financing of Terrorism framework, including Iranian companies’ lack of transparency. Domestic policy reforms can potentially facilitate reconnection to non-US global banks.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Crime, Income, Inflation, Labor, Labor markets, National accounts, Prices, Tax incentives, Taxes, Withholding tax

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), CBI bill, CR, Global, Income, Inflation, Iran, ISCR, Labor markets, Monetary policy, Private sector employment, Rate, Tax system, U.S person, WHT rate, Withholding tax

Publication Details

Pages:

48
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2017/063
Stock No:

1IRNEA2017002
ISBN:

9781475583083
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports