Azerbaijani President Ilham Aliyev has approved two decrees of the agreement the Financial Monitoring Service under the Central Bank with similar services in Russia and Macedonia against the legalization of proceeds from crime and the financing of terrorism.
In 2009 Azerbaijan adopted the law "On combating illegally obtained funds or other property legalization and financing of terrorism", and there is a corresponding decision of the Cabinet of Ministers, regulations and orders of the Ministry of Taxes, General Prosecutor's Office, and the State Customs Committee. On an international scale there are a number of documents, including two Strasbourg Conventions of the Council of Europe (1999) - on civil and criminal liability for corruption, the Warsaw Convention 2005 on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing Terrorism and others.
However, despite this, the international research recorded multi-billion USD transfers of illegally obtained funds from Azerbaijan to offshore zones. -0—
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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