## Islamic Republic of Iran: Selected Issues

_IMF Staff Country Reports, February 27, 2017_

## Source details

**Canonical URL:** [Islamic Republic of Iran: Selected Issues](https://www.imf.org/en/publications/cr/issues/2017/02/27/islamic-republic-of-iran-selected-issues-44708)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/02/27/islamic-republic-of-iran-selected-issues-44708/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/02/27/islamic-republic-of-iran-selected-issues-44708/index.json)
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## Bibliographic details
- Published: February 27, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475583083.002

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### Summary and purpose
- 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.

### Key findings: barriers to reconnection with global banks
- Significant challenges continue to prevent Iranian banks from fully reconnecting with global banks.
- The 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.

### Subjects and keywords covered
- 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

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr1763.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr1763.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/02/27/islamic-republic-of-iran-selected-issues-44708_