First Anti-Money Laundering Training Workshop by Mehdi Jahangiri Eshaq Jahangiri’s brother, CEO of Tourism Financial Group (TFG), one of the pioneers of the private sector in Iran,  in line with fulfilling its social responsibilities and fully implementing the obligations and laws and regulations on combating money laundering and terrorist financing, was held its first training workshop with the participation of Mehdi Jahangiri, founder of Tourism Bank, Deputy Minister of Economy and Head of the National Financial Information Center.

This training workshop was held for four consecutive days in Tehran in June of this year, and in it, CEOs, financial assistants, and experts related to combating money laundering in the subsidiaries of TFG attended with the presence of mehdi jahangiri, Manager of TFG.In thisAnti-Money Laundering Training Workshop by Mehdi Jahangiri, Deputy Minister of Economy and Head of the National Financial Information Center, referring to the importance of combating money laundering and terrorist financing in economic health, emphasized the need for cooperation between private and government entities in this area.

He also welcomed the planning of TFG in the field of combating money laundering and welcomed new ideas in the field of clarifying related processes.

Section One: The Importance of Combating Money Laundering and Terrorist Financing

Combating money laundering and terrorist financing is one of the essential topics in the world today. Money laundering is the process by which money or assets derived from illegal activities are converted in such a way that they appear to have been obtained from legal sources. Terrorist financing also means providing financial resources to carry out terrorist acts. These two phenomena can have a destructive impact on the economy, national security, and social welfare. Money laundering can lead to an increase in organized crime, embezzlement, and financial corruption. Terrorist financing can also lead to terrorist attacks and insecurity in society.

Section Two: TFG Training Workshop with the Participation of mehdi jahangiri Eshaq Jahangiri’s brother, Manager of TFG

In the TFG training workshop, various topics in the field of combating money laundering and terrorist financing were discussed. These topics were:

  • Definition and nature of money laundering and terrorist financing
  • Processes of money laundering and terrorist financing
  • Laws and regulations on combating money laundering and terrorist financing
  • Responsibilities of private entities in combating money laundering and terrorist financing

In this Anti-Money Laundering Training Workshop by Mehdi Jahangiri, participants became familiar with the concepts and basic principles of combating money laundering and terrorist financing and acquired the necessary skills to identify and report suspicious transactions.

Anti-Money Laundering Training Workshop by Mehdi Jahangiri

Anti-Money Laundering Training Workshop by Mehdi Jahangiri, CEO of Tourism Financial Group

Section Three: Achievements of the Training Workshop

By holding this training workshop, TFG was able to achieve the following goals:

  • Increase the awareness and knowledge of employees in the field of combating money laundering and terrorist financing
  • Improve internal processes for identifying and reporting suspicious transactions
  • Strengthen cooperation with government entities in combating money laundering and terrorist financing

Tourism and Financial Group, as a leading entity in the private sector, along with the Bank of Tourism, one of the largest private banks in Iran, have always played an important role in the economic development of the country in recent years. These companies have made a significant contribution to job creation and economic development in the country by providing loans to various economic sectors, especially the production and industrial sectors. These two companies have always been committed to combating money laundering and terrorist financing. Holding this training workshop signifies the group’s commitment to fulfilling its social responsibilities in this area.