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The Activities of Iranian Supreme Audit Court in Confronting Money Laundering Emanating from INTOSAI's Strategies

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Abstract:

The initial results deriving from the Iranian membership in the taskforce in addressing corruption and money laundering are participation in the formulation of instructions to fight corruption by the INTOSAI followed by other countries, participation at the INTOSAI meetings and utilization of other countries' experiences in dealing with corruption, formation of a taskforce to fight money laundering in the national court of account and formulation and communication of the audit framework for the auditors of other countries to control and fight corruption and money laundering. Also, the Islamic Republic of Iran (National court of account), applying international experiences and in order to confront corruption and money laundering as well as financial crimes has embarked on promoting its technical-specialized knowledge of which one can refer to adopting a performance audit approach, reviewing the instructions, formulating the audit instructions, promoting the quality, implementing the electronic supervision, pathology of rules and regulations, supervising privatization in order to prevent the inflow of money with suspicious origin towards the economy. Furthermore, the national court of account, while prosecuting and punishing law and financial instructions violators, facilitating money laundering, presents the report on the budget bill followed with its views to the Islamic council parliament including an assessment of the impacts of the law on different related and interested groups, and attempts to provide some financial discipline. In fact supervision procedures of this organization in terms of the broad discretion in the field of financial supervision, contribute highly to the accomplishment of the financial transparency and some other networks in particular like banking, custom and tax networks. Especially, the supreme coordination council of the national supervision branches is chaired by the head of the court of account.

Info:

Periodical:
International Letters of Social and Humanistic Sciences (Volume 18)
Pages:
44-55
DOI:
10.18052/www.scipress.com/ILSHS.18.44
Citation:
E. Molaei et al., "The Activities of Iranian Supreme Audit Court in Confronting Money Laundering Emanating from INTOSAI's Strategies", International Letters of Social and Humanistic Sciences, Vol. 18, pp. 44-55, 2014
Online since:
Dec 2013
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