EDBI Mulls over Strate­gies for De­vel­op­ing Role of “Ad­just­ment”

Tehran Times - - SCIENCE -

In a joint ex­pert-level meet­ing with Syd­ney Philip Com­pany, Ex­port De­vel­op­ment Bank of Iran (EDBI) stud­ied the strate­gies for the de­vel­op­ment of role of “ad­just­ment” (ob­serv­ing nec­es­sary rules, reg­u­la­tions and stan­dards), the Pub­lic Re­la­tions Dept. of the bank re­ported.

In this get-to­gether meet­ing, rep­re­sen­ta­tives from Syd­ney Philip Com­pany em­barked on clar­i­fy­ing pro­vi­sions of avail­able stan­dards in this field, the re­port added.

Given the above is­sue, Ex­port De­vel­op­ment Bank of Iran (EDBI) in­tends to ex­pand and de­velop its cur­rent struc­tures us­ing the avail­able op­por­tu­ni­ties in line with de­vel­op­ing the role of “ad­just­ment” at the bank.

Philip Syd­ney Com­pany is a Dutch com­pany which is tasked with train­ing, con­sult­ing and eval­u­at­ing adap­ta­tion in fi­nance and credit as­so­ci­a­tion, so that this com­pany is one of ac­tive units in this field.

Due to the in­crease of sen­si­tiv­i­ties and con­cerns in na­tional and in­ter­na­tional lev­els with re­gard to mis­use of banks for crim­i­nal ob­jec­tives and in­ten­tions in the field of money laun­der­ing and fi­nanc­ing ter­ror­ism, vi­o­la­tion of in­ter­na­tional sanc­tions and also fi­nan­cial crimes es­pe­cially bribery and em­bez­zle­ment, the is­sue of ob­serv­ing rules and reg­u­la­tions at banks has be­come im­por­tant in re­cent years.

Ac­cord­ingly, Money and Credit Coun­cil (MCC) has re­cently ap­proved an in­struc­tion en­ti­tled “in­struc­tion of ob­serv­ing rules and reg­u­la­tions in fi­nance and credit as­so­ci­a­tion”, so that Cen­tral Bank of Iran has no­ti­fied it to all banks and credit as­so­ci­a­tion, the re­port con­cluded.

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