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IMF Tells Iran to Fix Its Banking System
(Bloomberg) Golnar Motevalli - Iran must tackle problems in its banking system and bolster anti-money laundering and terrorism-financing laws if it wants to reconnect to the global economy, David Lipton, the second-ranked official at the International Monetary Fund, said in an interview in Tehran on Tuesday. "The best thing the government can do, and the banks can do, is to bring those standards up to international levels and try to reassure foreign partners, banks and otherwise that Iran's banks are safe to deal with," said Lipton, a former special assistant to President Obama, who is the first IMF senior management official to visit Iran since the 1979 revolution.