Correspondent Banking at Saman Bank
Saman Bank's Correspondent Relationship Unit plays a vital role in facilitating international financial transactions and fostering global connectivity. We maintain a network of domestic and foreign correspondent banks, providing innovative and tailor-made solutions to support our clients' cross-border payment needs.
Our team of expert corresponding relationships officers is responsible for establishing and maintaining these correspondent banking relationships. This includes conducting thorough due diligence, updating KYC (Know Your Customer) profiles, continuously monitoring the performance and compliance of our correspondent partners.
Saman Bank is committed to mitigating the risks associated with correspondent banking. We require our correspondent partners to adhere to robust anti-money laundering and counter-terrorism financing measures, especially in jurisdictions with inadequate regulatory frameworks. By upholding these strict due diligence policies, we enable our customers to access global financial markets while minimizing exposure to illicit financial activities
This strategic focus on building a strong, compliant correspondent banking network is a key pillar of Saman Bank's mission to deliver comprehensive financial solutions and foster Iran's integration into the global economy.
If you would like to establish a correspondent banking relationship with Saman Bank, please send your inquiry and the completed AML questionnaire to Corresponding-Unit@sb24.ir