Financial Crime World

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Money Laundering Detection in Iran: A Growing Concern

Shiraz, May 28-29, 2003

In an effort to combat the growing menace of money laundering in Iran, an international seminar was held recently in Shiraz. The event brought together experts from around the world to share their knowledge and experiences on this transnational organized crime.

Experts Emphasize the Need for Effective Legislation

According to Ayatollah Shahroudi, Head of Judiciary, money laundering is a serious threat to the integrity of financial systems worldwide. He emphasized the need for effective legislation to combat this crime.

Dr. Ali Hasemi, Advisor to the President and Secretary General of Drug Control Headquarters, stressed that money laundering is often linked to other crimes such as drug trafficking. He urged the government to take stern measures against those involved in this illegal activity.

International Cooperation Crucial

The seminar also heard from Mr. Antonio L. Mazzitelli, UNODC Representative in Tehran, who highlighted the importance of international cooperation in combating money laundering.

Dr. Majid Ershad, Head of Shiraz University, emphasized that Iran needs to strengthen its legal framework to combat money laundering. He urged the government to adopt a comprehensive law that takes into account modern technology and the needs of today’s world.

Detecting and Verifying Money Laundering Mechanisms

Experts also discussed the issue of detecting and verifying money laundering mechanisms. Dr. Vahid Mahmoudi stressed that it is essential to reform the registration system of immovable properties to prevent illegal capital from being laundered.

Keynote Address

In his keynote address, Dr. Hassan Assadi, Secretary General of High Council of Judicial Reform, emphasized the need for a comprehensive law that addresses the issue of money laundering in Iran. He urged experts to provide academic lectures and articles on this topic to facilitate adoption of such a law.

Organizers and Attendees

The seminar was organized by UNODC and Drug Control Headquarters in collaboration with Ministry of Finance and Shiraz University. The event aimed to provide a platform for experts to share their knowledge and experiences on combating money laundering. Senior government officials, including Hojato l Islam Abbassali Alizadeh, Head of Ministry of Finance, and Dr. Hassan Assadi, Secretary General of High Council of Judicial Reform, attended the seminar.

Conclusion

As the country prepares to adopt anti-money laundering laws, experts believe that it is essential to study this transnational organized crime carefully to ensure that the law meets modern technology and the needs of today’s world.

Full Text of Draft Bill on Money Laundering

The full text of the draft bill on money laundering currently under discussion in Parliament has been reproduced at the end of this article for the benefit of readers.