News

Financial institutions in Iran have recently sought guidance from anti-money laundering consultants and attorneys in the United States amid a broader push by the Islamic Republic to reengage with the global banking system. The contacts, which sources described as initial inquiries by some of Iran's largest commercial lenders, began last year after the United States, the European Union and other jurisdictions agreed to lift trade and transactional sanctions against the country to secure limits on its nuclear program. Most of the questions from the interested bankers have centered on U.S. industry standards for identifying customers, using automated systems to screen...