The guidelines for handling violations in the fight against money laundering and terrorist financing in the capital market were approved.
The head of the Center for Legal Advisers and the Development of Capital Market Regulations announced: "Instructions for handling special violations of the fight against money laundering and terrorist financing in the capital market" based on the authority derived from comment (2) to section (41) of the executive regulations on countering and preventing money laundering and terrorist financing that was approved in section (5) and terrorist financing in this section (4). The Supreme Council of the Stock Exchange after the approval of the Financial Information Center.
Zeinab Falah, head of the Center for Legal Advisors and the Development of Capital Market Regulations, in explaining the basis for the drafting of this directive, said: "Given the legal and regulatory requirements in the field of combating money laundering and terrorist financing, it is necessary to establish a specific framework for handling violations by individuals and how these will be included in execution violations in the capital market.
Therefore, the current directive was drawn up with the aim of determining the mechanism for dealing with violations and detailing the disciplinary measures and punishments according to their type and importance.
The head of the Center for Legal Advisors and the Development of Capital Market Regulations stated that "in the new regulations, in addition to determining the responsibilities of those involved, managers and anti-money laundering officials, the way to deal with non-compliance with the requirements and measures that can be taken by the Center for the Prohibition of Money Laundering and the Prohibition of Capital Laundering is also detailed in the matter and stock exchange of the Security Financing Center, in the matter and stock exchange of this organization. Non-compliance with the requirements, as appropriate, restrictions can be imposed, a correction plan can be notified and a violation report can be sent to a disciplinary procedure.
Falah announced the determination of disciplinary penalties according to the severity and importance of the violation and explained: "These penalties include a variety of warnings and restrictions on activity or use of licenses for the suspension or cancellation of the activity license, cancellation of professional certificates and professional disqualification, as well as financial fines and determinations within the framework of law and lawmaking. For the punishment, factors such as the extent and consequences of the violation, benefits obtained, the history of the violation, the duration of the violation, compensation for the effects and the extent of his cooperation in the investigation are taken into account.