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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Azerbaijan and EIB Global, the European Investment Bank’s external branch, signed a Memorandum of Understanding (MoU) at the COP29 climate summit to modernize and expand the Baku metro network, officials said on Thursday.
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International Energy Agency (IEA) Executive Director Fatih Biröl underscored the importance of tripling global renewable energy capacity by 2030 and doubling energy efficiency during his remarks at a ministerial meeting in Baku on Friday, emphasizing that these issues would be central to discussions at COP 29.
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During COP29, the Ministerial Meeting on Climate and Innovation Dialogue of the United Nations Special Programme for the Economies of Central Asia (SPECA) marked a milestone with the signing of a declaration to establish the SPECA Climate and Innovation Dialogue and the launch of the SPECA Multilateral Trust Fund.
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Kazakhstan's Vice Minister of Energy, Ilyas Bakhytzhan, highlighted the ambitious sustainability and environmental security plans shared by Central Asian countries and Azerbaijan during a joint event with IRENA and Azerbaijan's Ministry of Energy at COP29.
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