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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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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