* Upon rendering any monetary and financial services, credit institutions, insurance companies and stock exchange are bound to exercise initial identification of their customers and then entering the customer information in their database.AML Executive By-law, based on the Article One hundred and thirty-eight of the constitution after approval by the ministers who are the members of the workgroup of ratification of AML Act By-Law, was declared.
According to Mass Media reports (dolat.ir) based on this By-Law, credit institutions, insurance companies and stock exchange while renderings diverse services and monetary and financial operations even less than the prescribed limit are bound to initial identification of the customers then entering customer information in their database. These operations comprises receipt and payment of the funds, money transfers, issuing and paying cheques, providing facilities, issuance of each types of card and payment via them,