Being in the process of liquidation (its functions have been transferred to the Financial Market Control House - FMCH), the Financial Monitoring Service under the Central Bank of Azerbaijan issued a final report for the past year. This document has been voiced by the new regulator of the financial market.
According to an official statement, compared to the year 2014, the information on suspicious and current operations increased by about 12% - from 415,000 to 465,668 reports by the end of 2015.
The Financial Monitoring Service of Azerbaijan was established in 2009 on the basis of the UN initiative in the framework of the international fight against the financing of terrorism and dirty money laundering.
Its functions were passed to FMCH in March 2016. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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