$1.5b in Tax Evasion Identified From Bank Accounts in Iran

EghtesadOnline: About 63 trillion rials ($1.49 billion) worth of unpaid tax were identified in the last Iranian year (ended March 20, 2018) as a result of a new scheme to monitor dubious bank transactions, the head of Iran National Tax Administration said.

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Publish Date:25/June/2018 | 04:58

Iran: Money Laundering Probe for Bank Accounts

EghtesadOnline: As per the directive notified by the Iranian National Tax Administration, bank accounts with an annual turnover of over 50 billion rials ($1.19 million) are subject to anti-money laundering probes in case of suspicious activities.

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Publish Date:14/January/2018 | 11:13

Limit on Bank Account Numbers Enforced

EghtesadOnline: As per the directive recently implemented in the banking system, natural persons are only allowed to open a total of six accounts with each bank while none of the accounts can be of the same kind, the head of the Banking Research and Regulations Department at the Central Bank of Iran said.

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Publish Date:25/December/2017 | 05:52

No New Short-Term Bank Accounts by March 2018

EghtesadOnline: As per the directive of the Central Bank of Iran, all banks and credit institutions have been barred from opening short-term (three-, sixth- and nine-month) deposit accounts by the end of the current fiscal year on March 20, 2018.

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Publish Date:10/December/2017 | 06:42

Closure of Iranian Bank Accounts in China Denied

EghtesadOnline: Iran-China Chamber of Commerce has denied reports of Iranian traders’ bank accounts being closed by Chinese lenders as part of new restrictions imposed on the country by Beijing–an important economic ally of the Middle Eastern country.

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Publish Date:15/August/2017 | 16:10

Iranian Bank Account Closures Not New

EghtesadOnline: The closure of Iran-related bank accounts by Emirate banks has been going on for years and no new regulation has been communicated in this regard, the head of Information Technology Department at Iran Chamber of Commerce, Industries, Mines and Agriculture said.

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Publish Date:03/June/2017 | 08:13

Iranian Account Closures in UK Denied

EghtesadOnline: The bank accounts of Iranian nationals living in the UK currently face no problems, as was suggested by a recent article published by the British newspaper the Guardian, according to two officials familiar with the matter.

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Publish Date:24/April/2017 | 06:01

Iran: AML Probe for Bank Accounts

EghtesadOnline: As per the directive notified by the Iranian National Tax Administration, bank accounts with an annual turnover of over 50 billion rials ($1.19 million) are subject to anti-money laundering probes in case of suspicious activities.

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Publish Date:25/December/2017 | 05:51

Measures to Combat Tax Evasion

EghtesadOnline: All payments and transactions pertaining to people’s bank accounts dating back to the beginning of the previous fiscal year in March 2016 will be disclosed to the Iranian National Tax Administration, the head of the Majlis Economic Commission announced.

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Publish Date:01/November/2017 | 06:16

4,200 State Accounts Moved to Central Bank of Iran

EghtesadOnline: Some 4,200 state-owned companies’ bank accounts have been transferred to the Central Bank of Iran since March 6, 2017, when President Hassan Rouhani issued the landmark directive aimed at enhancing the transparency of government finances and public entities’ expenditures.

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Publish Date:25/September/2017 | 24:07