The memorandum of information exchange between the judiciary and the central bank was signed

The memorandum of information exchange between the judiciary and the central bank was signed

The memorandum of information exchange between the judiciary and the central bank was signed by Dr. Akbar Kamijani, the head of the central bank, and Dr. Mohammad Mossadegh, the first deputy of the judiciary. 

In line with the implementation of the provisions contained in paragraph (c) of article 116 and paragraph (a) of article 117 of the 6th five-year development plan law, paragraph (c) of article 7 and article 21 of the law on issuing checks, articles 17 and 19 of the law on the execution of financial penalties, Clause (d) of Article 1 of the Monetary and Banking Law of the country, Article 522 of the Law of Procedure of Public Courts and Revolution in Civil Matters, the Law of Esfatarieh, the supplementary note to Article 2 of the Law amending articles of the Check Issuance Law approved by the Expediency Council on 3/76/10 and paragraph ( k) Article 1 of the regulation of the credit assessment system and in order to clarify economic activities and create a basis for validating and updating the database of financial convictions, the aforementioned memorandum was signed between the central bank, represented by Dr. Akbar Kamijani, and the judiciary, Dr. Mohammad Mosadegh. 

Therefore, in the above-mentioned document and in Article (1), the subject of the memorandum of understanding is to establish the necessary infrastructure for the purpose of exchanging information needed by the “judiciary” and the “Central Bank” through the creation of a single interactive portal between the relevant computer systems and networks of the parties, or Recording and sending the information required by the Central Bank and the Judiciary in the context of electronic devices and environments and similar arrangements within the framework of the relevant laws and regulations and understanding.

It is important to mention that in Article (2) of the mentioned document, it is mentioned that the parties, within the limits of their legal powers and authorities, in order to achieve goals such as creating and using a single portal for electronic interactions between the parties, speeding up and facilitating the access of the authority and the bank to the required information and mutual inquiries through the portal of the interactive unit in an online and stable manner, improving the processes of dealing with crimes related to banking and payment services, improving the protection of the rights of providers and users of banking and payment services of the country against crimes , implement the said memorandum.

Also, among the other executive goals considered in the above-mentioned document are the regularity of electronic interactions and efforts to minimize paper correspondence between the judicial authorities and the banking system; Ensuring the validity of the information and the authenticity of the information providers by the parties and determining the control of the service level required for the interactive system and the types of operations related to the subject of the memorandum.

It should be noted that according to Article (3) of the Memorandum between the Central Bank and the Judiciary, the steering committee consisting of two full-fledged representatives of the parties is responsible for the proper implementation of the provisions of this document. Therefore, all the electronic interactions required by the organizations and institutions related to the “judiciary” with the country’s banking and payment system and, in turn, the affairs related to the banks and credit institutions related to the “judiciary” will be organized based on the provisions of this memorandum and the “Central Bank” And the “Judiciary” in this regard, will follow up the situation only through their representatives in the steering committee.

It should be noted that according to Article (8) of the mentioned document, the term of implementation of this memorandum is 3 years from the date of signing, and the said term can be extended if the parties agree before the expiration of the implementation period.

This post is written by shadmanamini