IRAN BACKGROUND CHECK

We are providing comprehensive background verification Services which are providing you a safeguard with risk management consultancy throughout the Iran with strong network of professional, on-ground background screeners. We are rendering our compliance pertaining to our Services of checking the veracity of the information registered under various rules and regulations and these entities can record the authentic results of the background check.

Our ultimate goal is to find the facts behind the present proposal of association to take wise decision. We are providing you the background investigation Services in all over Iran which is also including Tehran, Mashhad, Karaj, Esfahan, Tabriz, Shiraz, Ahvaz, Qom, Kermanshah, Orumieh, Zahedan, Rasht, Kerman, Hamedan, Arak, Yazd, Ardabil, Bandar Abbas, Eslamshahr, Qazvin, Zanjan, Khorramabad, Sanandaj, Gorgan, Sari, Kashan, Babol, Golestan, Saqqez, Zabol, Gonbad-e Qabus, Shahrood, Shahrekord, Pakdasht, Shahinshahr, Semnan, Khorramshahr etc. Kindly contact us on our email: info@backcheckgroup.com to generate your query and we will revert you in stipulated time accordingly. Due to the sensitive nature of the Services all queries will dealt under strict confidentiality and under the influence of extreme ethical consideration.

General Information

GDP USD415.339bn (World ranking 29, World Bank 2014)
Population 78.47 million (World ranking 17, World Bank 2014)
Form of state Theocratic Republic
Head of state Supreme Leader Ayatollah Seyed Ali Khamenei
Head of government ​President Hassan ROUHANI
Next elections Legislative February 2016, Presidential June 2017

 

CURRENT LOCAL TIME

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PRODUCTS IN IRAN

Data Protection

Data Protection Laws Not Found

(AML Law was approved by the Guardian Council on February 6th, 2008.)

Article 1- All commercial transactions, as mentioned in Article 2 of the Commercial Code, are assumed to be valid, unless it is proved otherwise by virtue of this Law. Possession of a property under the title of ownership claim shall be taken as proof of ownership.

Article 2- The following shall be regarded as money-laundering:

a. The acquisition, possession, or use of proceeds obtained from illegal activities knowing that they have been acquired, directly or indirectly, through the commission of an offence;

b. The conversion or transfer of property for the purpose of disguising the illegal origin of such property, with the knowledge that it has been obtained, directly or indirectly, through criminal activities; or of assisting any person who is involved in the commission of the predicate offence to evade the legal consequences of his/her actions;

c. The concealment or disguise of the nature, source, location, disposition, movement or ownership of property derived, directly or indirectly, from a crime.

Article 3- The term “proceeds of crime” means any property derived, directly or indirectly, from a crime.

Article 4- The Anti-Money Laundering High Council (High Council) shall be established to coordinate the bodies responsible for receiving, processing and analyzing the required information, records and reports, and for preparing smart intelligence systems, to identify suspicious transactions and to combat money laundering. It will be headed by the Minister of Economic Affairs and Finance and composed of the Minister of Commerce, the Minister of Intelligence, the Minister of Interior and the Governor of the Central Bank of the I.R. of Iran and will have the following duties:

I

1. Collecting, processing and analyzing the reports of the suspicious transactions according to the rules;

2. Drafting the required implementing regulations and proposing to the Board of Ministers;

3. Coordinating the bodies involved in combating money laundering and requiring the full implementation of this Law in all over the country;

4. Processing the collected reports of suspicions and forwarding the more suspicious ones to the Judiciary;

5. Exchanging experiences and information with similar organizations in foreign countries according to article 12 of this Law.

Note 1- The Secretariat of the High Council will be established at the Ministry of Economic Affairs and Finance.

Note 2- The High Council shall prepare the draft of its own organizational structure, with due regard to its legal duties, and the Board of Ministers will have the power to approve thereof.

Note 3- All the implementing regulations passed by the High Council shall be binding upon all of the real persons and legal entities who are responsible for combating money laundering, when those regulations are approved by the Board of Ministers. Those who violate the implementing regulations will be sentenced to 2-5 years of dismissal, mutatis mutandis, at the discretion of administrative and judicial authorities.

Article 5- All legal entities, including but not limited to the Central Bank of the I.R. of Iran, banks, financial and credit institutions, insurance companies, the Central Insurance, interest-free funds, charity foundations and institutions as well as municipalities, are obligated to fulfill the implementing regulations of this Law which will be approved by the Board of Ministers.

Article 6- Notary publics, lawyers, auditors, accountants, official experts of the Ministry of Justice and also legal inspectors are required to provide the information necessary for the implementation of this Law, as approved by the Board of Ministers, at the request of the High.

Article 7- Individuals, institutions and agencies subject of the present Law (as mentioned in Articles 5 and 6), due to their type of activity and organizational structure, are required to fulfill the following points:

II

a. To verify their customers’ identity and in case a representative or an agent delegates the principal, to verify the identity and the title of the agent, should there be any reasonable suspicion as to the commission of an offence;

Note: The provisions of the present Law do not over-rule the other requirements of customer identification as mentioned in other laws and regulations.

b. To provide information, reports, documents and evidences to the

High Council within the scope of the implementing regulations which will be approved by the Board of Ministers;

c. To report suspicious transactions to the authority appointed by the High Council;

d. To keep the records of the customers’ identification documents as well as the records of the accounts and transactions within the time limit as determined in the implementing regulations;

e. To establish internal control standards and to train the managers and personnel in order to comply with the provisions of the present law and the implementing regulations thereof.

Article 8: The information and documents collected for the purpose of implementing this Law will be used solely in connection with the objectives as mentioned in the present Law as well as for combating its predicate offences. Disclosure or use of the information, directly or indirectly, whether by government officials or others, for their own benefit or third parties, is prohibited and the offender will be punished in accordance with the provisions of the Penal Law on the Publication and Disclosure of Confidential and Secret State Documents, enacted on February 18, 1974.

Article 9: Those who commit a laundry offence, in addition to returning the assets and the proceeds derived from the crime comprising of the original assets and the profits thereof (if not available, its equivalent or the price thereof), will be sentenced to a fine of one fourth of the proceeds of the crime, which should be deposited to the Public Revenues Account with the Central Bank of the I.R. of Iran.

I V

Note1: In case the proceeds have been converted into any other property, the said property will be confiscated.

Note 2: The confiscation order of the crime proceeds shall be issued and exercised when the perpetrator has not been subject to this order for the predicate offence.

Note 3: In case the perpetrator of predicate offence commits money laundering, he/she will be sentenced to the punishments set out in this Law, in addition to the punishments prescribed for the predicate offence.

Article 10: All affairs requiring judicial action or authority for implementation of this law should be carried out as per the regulations.

The Judiciary shall cooperate in accordance with the regulations.

Article 11: A number of General Courts in Tehran and if necessary in provincial capital cities shall be tasked with investigating money laundering and other relevant crimes. The specialization of a court shall not prevent it from looking into other crimes.

Article 12: In case there is an arrangement between the I.R. of Iran and other countries on judicial and intelligence assistance pertaining to antimony laundering actions, the cooperation will take place in accordance with the terms of the agreement.

The above Law, comprised of twelve Articles and seven Notes, was ratified in the open session of the Parliament of the I.R. of Iran on Tuesday, January 22nd, 2008 and approved by the Guardian Council on February 6th, 2008.

(Adopted on: 24 Oct 1979, Effective since: 3 Dec 1979, Amended on: 28 July 1989)

Preamble,the Economy is a Means, Not an End

In strengthening the foundations of the economy, the fundamental consideration will be fulfillment of the material needs of man in the course of his overall growth and development. This principle contrasts with other economic systems, where the aim is concentration and accumulation of wealth and maximization of profit. In materialist schools of thought, the economy represents an end in itself, so that it comes to be a subversive and corrupting factor in the course of man’s development. In Islam, the economy is a means, and all that is required of a means is that it should be an efficient factor contributing to the attainment of the ultimate goal.

Article 3 State Goals

In order to attain the objectives specified in Article 2, the government of the Islamic Republic of Iran has the duty of directing all its resources to the following goals: 1) the creation of a favorable environment for the growth of moral virtues based on faith and piety and the struggle against all forms of vice and corruption;

Article 49 Confiscation

The government has the responsibility of confiscating all wealth accumulated through usury, usurpation, bribery, embezzlement, theft, gambling, misuse of endowments, misuse of government contracts and transactions, the sale of uncultivated lands and other resources subject to public ownership, the operation of centers of corruption, and other illicit means and sources, and restoring it to its legitimate owner; and if no such owner can be identified, it must be entrusted to the public treasury. This rule must be executed by the government with due care, after investigation and furnishing necessary evidence in accordance with the law of Islam.

Police Background Check Procedures

Iran has no criminal record register and conviction information is not available

Iran – Know Your Customer (KYC) Rules

Although not considered a financial hub, Iran has a large underground economy, spurred by restrictive taxation, widespread smuggling, currency exchange controls, capital flight, and a large Iranian expatriate community. Iran is a major transit route for opiates smuggled from Afghanistan through Pakistan to the Persian Gulf, Turkey, Russia, and Europe. At least 40% of opiates leaving Afghanistan enters or transits Iran for domestic consumption or for consumers in Russia and Europe. Illicit proceeds from narcotics trafficking are used to purchase goods in the domestic Iranian market; those goods are often exported and sold in Dubai. Iran‘s merchant community makes active use of money and value transfer systems, including hawala and moneylenders. Counter-valuation in hawala transactions is often accomplished via trade, thus trade-based transactions are likely a prevalent form of money laundering. Many hawaladars and traditional bazaari are linked directly to the regional hawala hub in Dubai. Over 300,000 Iranians reside in Dubai, with approximately 8,200 Iranian-owned companies based there. Iran‘s real estate market is also used to launder money. There also are reports that billions of dollars in Iranian capital have been invested in the United Arab Emirates, particularly in Dubai real estate.

On November 21, 2011, Iran was identified by the U.S. Government as a state of primary money laundering concern pursuant to section 311 of the USA PATRIOT Act. Widespread corruption and economic sanctions, as well as evasion of those sanctions, have undermined the potential for private sector growth and facilitated money laundering. The Financial Action Task Force (FATF) has repeatedly warned of Iran‘s failure to address the risks of terrorist financing. The FATF urges jurisdictions around the world to impose countermeasures to protect their financial sectors from illicit finance emanating from Iran. In October 2011, the FATF urged all members and jurisdictions to advise their financial institutions to give special attention to business relationships and transactions with Iran, including Iranian companies and financial institutions.

In 1984, the Department of State designated Iran as a state sponsor of terrorism. Iran continues to provide material support, including resources and guidance, to multiple terrorist organizations and other groups that undermine the stability of the Middle East and Central Asia. Hamas, Hizballah, and the Palestinian Islamic Jihad (PIJ) maintain representative offices in Tehran in part to help coordinate Iranian financing and training.

Although Iran has established an international banking network, with many large state-owned banks that have foreign branches and subsidiaries in Europe, the Middle East, Asia, and the Western Hemisphere, Iranian banks have a diminishing international presence in these regions as a growing number of governments move to sanction Iranian financial institutions in response to UN, U.S., and autonomous sanctions regimes as well as the FATF statements on Iran‘s lack of adequate anti-money laundering/counter-terrorist financing (AML/CFT) controls. Iran is known to use its state-owned banks to channel funds to terrorist organizations and finance its nuclear and ballistic missile programs. The United States has designated at least 20 banks and subsidiaries under counter-proliferation and terrorism authorities.

KNOW-YOUR-CUSTOMER (KYC) RULES:

Enhanced due diligence procedures for PEPs:

A PEP is an abbreviation for Politically Exposed Person, a term that describes a person who has been entrusted with a prominent public function, or an individual who is closely related to such a person. The terms PEP, Politically Exposed Person and Senior Foreign Political Figure are often used interchangeably

    • Foreign PEP: Not available
    • Domestic PEP: Not available

Iran – KYC covered entities

The following is a list of Know Your Customer entities covered by Iranian Law:

    • Central Bank
    • Banks
    • Financial and credit institutions
    • Insurance companies (including the state regulator and reinsurance provider)
    • Interest-free funds
    • Charity organizations and institutions
    • Municipalities
    • Notaries
    • Lawyers
    • Accountants
    • Auditors
    • Authorized specialists of the Justice Ministry
    • and official inspectors

Iran – Suspicious Transaction Reporting (STR) Requirements:

Number of STRs received and time frame: Not available

Number of CTRs received and time frame: Not available

The following is a list of STR covered entities covered by Iranian Law:

    • Central Bank
    • Banks
    • Financial and credit institutions
    • Insurance companies (including the state regulator and reinsurance provider)
    • Interest-free funds
    • Charity organizations and institutions
    • Municipalities
    • Notaries
    • Lawyers
    • Accountants
    • Auditors
    • Authorized specialists of the Justice Ministry
    • and official inspectors

MONEY LAUNDERING CRIMINAL PROSECUTIONS/CONVICTIONS:

Prosecutions: Not available
Convictions: None

ENFORCEMENT AND IMPLEMENTATION ISSUES AND COMMENTS:

Since 2006, the U.S. has taken a number of targeted financial actions against key Iranian financial institutions, entities, and individuals under non-proliferation, counter-terrorism, human rights, and Iraq-related authorities, i.e., Executive Order 13382, Executive Order 13224, Executive Order 13553, and Executive Order 13438, respectively. To date, the Departments of Treasury and State have designated over 300 Iranian entities and individuals for proliferation-related activity under Executive Order 13382. Additionally, the United Nations Security Council (UNSC) has passed numerous resolutions that impose sanctions on Iran. The most recent of these, UNSCR 1929, was adopted in June 2010.

UNSCR 1929 recognizes the potential connection between Iran‘s revenues derived from its energy sector and the funding of its proliferation of sensitive nuclear activities. In 2010, in recognition of that connection, the United States adopted the Comprehensive Iran Sanctions, Accountability, and Divestment Act (CISADA), which makes sanctionable certain activities in Iran‘s energy sector, including the provision of refined petroleum products to Iran.

On December 31, 2011, the National Defense Authorization Act for Fiscal Year 2012 was signed into law. Under Section 1245 of the Act, foreign financial institutions that knowingly facilitate significant financial transactions with the Central Bank of Iran or with Iranian financial institutions designated by Treasury risk being cut off from direct access to the U.S. financial system. This legislation builds upon the sanctions from previous U.S. legislation and UNSC resolutions.

The following are some examples of notable designations under Executive Orders: 20 Iranian-linked banks (including Bank Refah in 2011), located in Iran and overseas, have been designated in connection with Iran‘s proliferation activities; one state-owned Iranian bank (Bank Saderat and its foreign operations) was designated for funneling money to terrorist organizations; the Qods Force, a branch of the Iranian Revolutionary Guard Corps (IRGC), was designated for providing material support to the Taliban, Lebanese Hizballah, and Palestinian Islamic Jihad; and, the Martyrs Foundation (also known as Bonyad Shahid), an Iranian parastatal organization that channels financial support from Iran to several terrorist organizations in the Levant, including Hizballah, Hamas, and the PIJ, has been designated along with Lebanon- and U.S.-based affiliates.

In October 2007, the FATF issued its first public statement expressing concern over Iran‘s lack of a comprehensive AML/CFT framework. In February 2009, the FATF urged all jurisdictions to apply effective countermeasures to protect their financial sectors from the money laundering/terrorist financing risks emanating from Iran and also stated that jurisdictions should protect against correspondent relationships being used to bypass or evade countermeasures or risk mitigation practices. In October 2011, the FATF reiterated its call for countermeasures. The FATF urges Iran to immediately and meaningfully address its AML/CFT deficiencies, in particular by criminalizing terrorist financing and effectively implementing suspicious transaction reporting requirements.

Since February 2007, the European Union (EU) has also adopted numerous measures to implement the UNSCRs on Iran and further protect the EU from Iranian threats. For example, in 2010, the EU adopted significant new measures against Iran, including new sanctions on several Iranian banks and the IRGC; enhanced vigilance by way of additional reporting and prior authorization for any funds transfers to and from an Iranian person, entity, or body above a certain threshold amount; a prohibition on the establishment of new Iranian bank branches, subsidiaries, joint ventures, and correspondent accounts; and other restrictions on insurance, bonds, energy, and trade.

Numerous countries around the world also have restricted their financial and business dealings with Iran in response to both the UNSC measures on Iran as well as the FATF statements on Iran‘s lack of adequate AML/CFT controls. A growing number of governments have moved to designate Iranian banks, and many of the world‘s leading financial institutions have voluntarily chosen to reduce or cut ties with Iranian banks.

Iran is ranked 120 out of 183 countries listed in Transparency International‘s 2011 Corruption Perception Index. There is pervasive corruption within the ruling and religious elite, government ministries, and government-controlled business enterprises.

In 2010, the Government of Iran teamed with United Nations Office on Drugs and Crime to establish a financial intelligence unit (FIU). The Iranian FIU reportedly will focus on suspicious financial transactions linked to illicit narcotics proceeds. No entity has been able to assess whether Iran‘s FIU meets international standards.

Risk

Sovereign risk

The sovereign risk score remained at the weaker end of the B band in our last assessment. Low debt obligations support the rating, but the economy is vulnerable to fluctuations in oil prices, and the recent price fall has worsened the fiscal outlook. However, assuming a comprehensive nuclear deal leads to sanctions relief from 2016, Iran’s sovreign score will gradually improve.

Banking sector risk

Iran’s banking sector remains cut off from international financial flows, meaning that crossborder payments will remain difficult in 2015. The poor performance of the economy has undermined the asset quality of the banking system. The banking sector requires significant reforms but stands to benefit substantially from an easing of sanctions.

Political risk

Following the agreement in April of a framework deal between Iran and the P5+1 (the permanent members of the UN Security Council plus Germany), a comprehensive deal by July now seems feasible. This would be positive for Iran’s sovereign creditworthiness. Conversely, a breakdown of talks would add to political risk and adversely affect the economy.

Economic structure risk

Iran’s dependence on hydrocarbons leaves it vulnerable to movements in oil and gas prices and output. Lower oil prices will place the economy under increased strain in 2015. Assuming a nuclear deal is finalised in 2015, the economy will return to stronger growth from 2016.

Travel Risk

Security

The decision to travel is your responsibility. You are also responsible for your personal safety abroad. The Government of Canada takes the safety and security of Canadians abroad very seriously and provides credible and timely information in its Travel Advice. In the event of a crisis situation that requires evacuation, the Government of Canada’s policy is to provide safe transportation to the closest safe location. The Government of Canada will assist you in leaving a country or a region as a last resort, when all means of commercial or personal transportation have been exhausted. This service is provided on a cost-recovery basis. Onward travel is at your personal expense. Situations vary from one location to another, and there may be constraints on government resources that will limit the ability of the Government of Canada to provide assistance, particularly in countries or regions where the potential for violent conflict or political instability is high.

Terrorism

Heightened tensions throughout the region, together with increased threats globally from terrorism, may put you at greater risk. Maintain a high level of personal security awareness at all times as the security situation could deteriorate rapidly and without notice.

Crime

Violent crime affecting both Iranians and foreigners has increased. Petty theft occurs. Do not show signs of affluence. Ensure personal belongings, passports and other travel documents are secure, and carry a photocopy of your passport’s identification page at all times.

Watch for fraudulent plainclothes police officers who may ask to see foreign currency and passports. If you are approached, politely decline to cooperate but offer to go to the nearest police station.

Demonstrations

Political demonstrations and gatherings occur. On several occasions, demonstrations resulted in violent clashes. People near demonstrations have been assaulted and deaths have been reported. Further incidents of political unrest may occur with little warning. Avoid all demonstrations and large gatherings, follow the advice of local authorities, and monitor local media.

Women’s safety

Numerous cases have been reported of a Canadian or dual-citizen woman being stranded in Iran or mistreated by her Iranian husband or a male member of her family. Women in difficulty should know that the Government of Canada cannot intervene in family matters.

There have been reports of physical and verbal harassment of women. Consult our publication entitled Her Own Way: A Woman’s Safe-Travel Guide for travel safety information specifically aimed at Canadian women.

Border areas

The regions of Sistan and Baluchestan (bordering Pakistan) are regularly affected by ethnic conflicts and there have been a number of kidnappings involving foreign tourists. Terrorist attacks may also occur in these regions.

Bandits in border areas with Afghanistan and Pakistan are usually involved in drug trafficking and use kidnapping operations to secure the release of group members from prison.

The region of Khuzestan (bordering Iraq) is regularly affected by ethnic conflicts and there have been a number of kidnappings involving foreign tourists.

The borders with Azerbaijan and Turkmenistan are open only to citizens of those countries. Foreigners travelling in sensitive border areas (Azerbaijan, Khuzestan, Kurdistan, and Baluchistan) often attract the attention of local security forces, which can result in short periods of detention.

If you decide to travel overland to Pakistan and Afghanistan despite this warning, travel only on main roads and in official parties, and avoid travelling after dark.

Travel to Iraq

The border with Iraq is usually closed. It can be opened on a case-by-case basis to allow the passage of certain foreigners or to allow refugees access to containment camps located on the Iranian side of the border.

Before undertaking any trip to Iraq, read our Travel advisory for Iraq.

Road travel

Road conditions are good in cities, and the highway system is relatively well developed. Hire cars with a driver familiar with local conditions as driving standards are poor. Driving at night can be dangerous as streets are poorly lit and some motorists drive without headlights. Motorists routinely ignore traffic lights, traffic signs and lane markers, and almost never yield to pedestrians at crosswalks.

In the event of a car accident, remain at the scene until authorities have made an official report.

The use of four-wheel-drive vehicles is not recommended due to the high risk of theft.

Hire only official taxis from agencies or hotel-based companies, and always pre-negotiate the fare. Most taxis do not have meters, and foreigners are often overcharged.

Sidewalks on main roads in urban areas may be obstructed by cars. Sidewalks are rare in residential areas.

Rail travel

Trains are comfortable and punctual, but service is limited and slow.

Sea travel

The waters around the islands of Abu Musa and Tunbs in the southern Persian Gulf are politically sensitive and patrolled by the military. Foreigners navigating Iranian waters have been arrested and detained in the past.

Air travel

See Transportation Safety in order to verify if national airlines meet safety standards.

General safety information

Carry identification with you at all times. Leave a photocopy of your travel documents with a relative or a friend at home.

Summary

Iran GDP Last Previous Highest Lowest Unit
GDP 368.90 502.73 528.43 6.15 USD Billion
GDP Annual Growth Rate 2.80 3.70 23.01 -12.54 percent
GDP Constant Prices 511719.00 551524.00 576140.00 41193.94 IRR Billion
GDP per capita 3131.80 3369.12 3369.12 1396.03 USD
Gross Fixed Capital Formation 804062.00 764803.00 815867.00 928.35 IRR Billion
GDP per capita PPP 15090.05 16233.53 16233.53 8679.08 USD
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