Iran Must Fix Own Banks to Win Overseas Business, IMF Says
- IMF’s Lipton says stronger laws needed on terrorist-financing
- First visit by high-ranking IMF official since 1979 revolution
IMF Visits Iran to Assess Reconnect to Global Economy
This article is for subscribers only.
Iran must tackle problems in its banking system and bolster anti-money laundering and terrorism-financing laws if it wants to reconnect to the global economy, the second-ranked official at the International Monetary Fund said in an interview in Tehran.
“The best thing the government can do, and the banks can do, is to bring those standards up to international levels and try to reassure foreign partners, banks and otherwise that Iran’s banks are safe to deal with,” David Lipton, Managing Director Christine Lagarde’s deputy at the Washington-based lender, said on Tuesday.