Preventing employee fraud is one of the popular types of insurance this year. From January to August of last year (mainly the financial sector) they have started to pay premiums - insurers received on contracts 290,870 manat, without paying a penny for the lack of insurance claims. But in this year's awards totaled AZN 834,010 and compensation - 2,216,940 manats.
In this case, it is not about fraud against customers (those legally employed all financial institutions), and in respect of the employer. According to experts, most of these actions comes from the material unsatisfied employees and is aimed at companies which pay little attention to compliance with the letter and spirit of the law. Another common phenomenon is an alliance of the executive director with executives and middle managers to the detriment of the founder.
In Azerbaijan, common fraud on the trust of employees is by drawing up false documents using letterhead and seals of the employer, cashing fees, stock market speculation, the abuse of customer deposits, bank card fraud, and so on. - 17D-
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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