The role and impact of the Legal Factors in combating money laundering process in international branch of banks (Case Study: Mellat bank)

This paper discusses the role of rules and regulations in Mellat Bank on combating money-laundering. In this research, factors that affected on money laundering were identified by using exploratory factor analysis with Varimax rotation. For measuring the impact of these factors on combating money laundering, anti money laundering legislations and instructions has been used. The results show that relevant rules and regulations has a direct impact on the success of the banks to combating money laundering and there is significant correlation between its performance and reduce the devastating effects of crime on society. At the end, some suggestion have been proposed to senior managers of these banks.