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Irmgard Verzi
The Module requires conventional bank licensees to have effective anti money laundering ('AML') policies and procedures, in addition to measures for combating the financing of terrorism ('CFT'). The Module contains detailed requirements relating to customer due diligence, reporting and the role and duties of the Money Laundering Reporting Officer (MLRO).17
c. the bank's money laundering reporting officer (the "MLRO") had failed to report unusual transactions, acknowledging that the anti-money laundering ("AML")/ ("CFT") procedures had been implemented in April 2006, with the result that their effectiveness could not yet be assessed; and
c. The CBB was concerned that Future Bank may have caused a European counterpart to contravene Iran sanctions, by accepting instructions from Iranian banks to forward funds without including all originator information when making the transfers. It concluded that Future Bank needed full originator information for cross-border transactions;
e. Future Bank was accepting business introduced by Post Bank of Iran and Export Development Bank of Iran, the latter being an OFAC designated sanctioned entity. These banks were routing funds through Future Bank due to the UN sanctions. In several instances, Future Bank had not included all originator information in the swift transfers, thus not disclosing the true origin of the funds. As a result, Future Bank may have unintentionally caused its European counterpart to unknowingly contravene UN and other sanctions.76
a. It was finalizing an automated AML system, which would also monitor high-risk accounts, including those held by PEPs and charities. The bank represented that it expected to implement the system by the end of 2009. This system would also assist Future Bank in monitoring compliance with the CBB's directions in respect of the UNSC resolutions on terrorist financing, which were at that time manually verified;
Considering the seriousness, duration and potential consequences of the breaches found in Future Bank's AML/CFT frame-work, your bank is required to submit to the CBB, within a period of one month from the date of this letter- an action plan with definitive target dates to resolve all the issues raised in the attached AML/CFT examination report.135
d. Future Bank was not in breach of the 2010 CBB sanctions directive. It continued the relationship with Iranian banks/financial institutions/Central Bank of Iran only to the extent that it facilitated funding of existing assets/liquidity management. Future Bank's exposure to Iran had decreased from BD 371.746 million (as of October 31, 2010) to BD 347.741 million (as of November 22, 2012), which it claimed testified that Future Bank was making sincere efforts to comply with the CBB's sanctions directive;
e. Future Bank continued its relationship with Iranian banks/Central Bank of Iran for reasons explained to the CBB, namely that Future Bank relied on deposits from the Central Bank of Iran for funding and liquidity needs, and the need to keep Iranian banks as correspondent banks to manage Future Bank's assets portfolio in Iran.139
a. reduce Future Bank's Iran exposure, highlighting that Future Bank's "Iran Loans & Advances portfolio has continuously dropped in the last three years", and explaining that the loan repayments from Iran and UAE-based customers has been credited to Future Bank's Nostro accounts with BMI and BSI, as Future Bank has been unable to build relationships with non-Iranian correspondent banks due to international sanctions in relation to such transactions;
We are all familiar with Bank Melli Iran; A bank that has a history of serving the people of Iran for more than a few decades and its credibility is increasing day by day among the people of the society. In order to make its services as easy as possible, this bank has been able to reduce any visits to the bank by increasing the means of communication and to offer you everything at any time! One of the best measures of Bank Melli in order to simplify the services is the publication of its official mobile bank, which in this post we intend to introduce its latest update. Bank Melli - Hamrah Bank Melli is the Android version of the Bank Melli Iran mobile application, which was developed by Bank Melli and provided to customers. One of the best features of this software is its category of services and features that meet a wide range of your needs and act as if you have access to a bank counter in your home. Card services, check services, account services are just some of the endless features of Mobile Bank Melli that attract everyone. Note that the features and capabilities of this software are not included in the form of short texts, and to be informed of them, it is better to follow us in the following.
Receive account or account balance
Ability to select funds in different modes
Receive facility information and how to pay installments
Ability to pay bills to
purchase recharge cards of various mobile operators
Receive card balances with just one hint
Transfer funds from card to card
View the last ten rounds of your card
list account attached to the card
can be blocked cards with a touch
View charge purchased at a date
to find branches of your requirements with complete information
date of maturity Czech of
Inquiry Czech
data transfer Czech into the mobile number of the current
update account information
to calculate the night
Transferring account information to the current SIM card is
simple and very easy
Prior to its introduction, some Iranian banks were issuing cards that only worked on the issuing banks ATMs and POS machines. Since the introduction of Shetab, all banks must adhere to its standards and be able to connect to it. Furthermore, all issued credit or debit cards must be Shetab capable. As of the end of 2017, the Shetab system had 54,300 ATMs connected to it.[1]
Shetab was introduced in 2002, and now all card issuing banks in Iran are required to connect to the system.[2] In 2002, when the system was introduced there were at approximately 2.8 million domestic debit cards in circulation, of those approximately 530,000 were capable of using the Shetab system.
In 2005, the government obliged the Central Bank of Iran and the Iranian banks, mostly state owned, to set up all the necessary infrastructures (regulatory, hardware, software) for fully launching e-money in Iran by March 2005. While this plan has not yet fully materialised, local debit/credit cards are now commonplace and have removed the main obstacle to the growth of e-commerce (in the national scale) as well as the full roll out of e-government initiatives.[3] By 2010 it is expected that 12 million cards would be issued, all of which work with the Shetab system.[4]
The Agricultural Bank (Keshavarzi Bank) was the first Iranian bank to connect to the Shetab system.[5] Saman Bank was the first bank to introduce online banking services in Iran. Since, it has been at the forefront of expansion and enhancement of electronic banking.
In 2010 nearly every bank branch in Iran had a Shetab system Connected ATM unit. More than 70% of shops, restaurants and markets are connected to the Shetab system. Many online stores are also linked to the Shetab system., Mobile and SMS Banking are recent additions to the Shetab system.
As of 2006, Iran was still very much a cash based society. It is expected that a unified clearance system, such as Shetab, will provide significantly greater efficiency, reduce crime, reduce money printing costs, and improve tax collection among other benefits.[4] It is also expected to improve the quality of life of citizens whom, once the system is fully operational, would no longer be required to spend significant amounts of time organizing things in person and would consequently be able to conduct activities immediately over the phone or over the internet.[4] The impact of the system is already being felt as corporations establish e-commerce, supply chains, online banking and retailing systems.[13][14]
This study aims at providing a hybrid model of mobile banking adoption in the banking industry of Iran. Based on reviewing the models of technology adoption, the main effective factors were divided into four general categories including personal, social, organizational and technological factors. The population of the study consisted of the customers of public banks. With regard to the infinity of the population, based on Morgan table, 384 customers were selected as the sample of the study. A standard questionnaire was used to collect the required data for all the research variables. The research hypotheses were tested using structural equation modeling and based on AMOS software. The results show that some personal, social, organizational and technological factors have a positive significant effect on perceived usefulness and perceived ease of use of mobile banking. Perceived usefulness and perceived ease of use have a positive significant effect on the attitude towards mobile banking. In addition, the positive significant effect of attitude towards the use of mobile banking on the tendency to use mobile banking and vice versa was confirmed.
Ashtiani, P.G., & Asadi, F. (2011). The effect in overcoming the resistance of consumers to mobile banking adoption of Melli bank of Iran, in Ninth International Conference on Management, Sharif University of Technology: Tehran, 2011. (in Persian).
Fatemi-e-ardekani, V. (2005). E-banking and its impact on banks' administrative processes: the case of Internet bank, The researches of the Third National Conference on E-commerce, Tehran: Planning department of Economic Affairs of the Ministry of Commerce.Iran. (in Persian)
Karkhaneh, S., & Mohammadi, S. (2012). Offering a model for the adoption of mobile banking from the viewpoint of customers and comparing it with the world's famous models. Journal of Marketing Management, 7(16). 109-132. (in Persian)
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