{
  "title": "Islamic Republic of Iran: Selected Issues",
  "publication": "IMF Staff Country Reports, February 27, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/02/27/islamic-republic-of-iran-selected-issues-44708",
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  "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.",
  "publishDate": "2017-02-27",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary and purpose",
      "content": "- This Selected Issues paper analyzes impediments to correspondent banking with the Islamic Republic of Iran.\n- 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.\n- Domestic policy reforms can potentially facilitate reconnection to non-US global banks."
    },
    {
      "heading": "Key findings: barriers to reconnection with global banks",
      "content": "- Significant challenges continue to prevent Iranian banks from fully reconnecting with global banks.\n- The challenges relate mostly to:\n  - remaining sanctions from the United States;\n  - the regulatory enforcement environment; and\n  - significant deficiencies in Iran’s Anti–Money Laundering and Combating the Financing of Terrorism framework, including Iranian companies’ lack of transparency."
    },
    {
      "heading": "Subjects and keywords covered",
      "content": "- Subjects: 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\n- 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\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/02/27/islamic-republic-of-iran-selected-issues-44708"
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    "Published: February 27, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475583083.002",
    "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.",
    "Domestic policy reforms can potentially facilitate reconnection to non-US global banks.",
    "Significant challenges continue to prevent Iranian banks from fully reconnecting with global banks.",
    "The challenges relate mostly to:",
    "Subjects: 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",
    "**Country Report**"
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