International experts estimate the condition of money laundering on the securities market
Baku/17.02.14/Turan : On Monday, February 17, the State Securities Committee held a meeting with the evaluation mission of the Expert Committee on the Assessment of measures against money laundering and financing of terrorism (MONEYVAL).
In a press release after a meeting of the SSC noted that the purpose of the mission is to assess the sensitivity of the compliance with international standards of the financial system in Azerbaijan to the risks of money laundering , laundering and terrorist financing.
SSC chair Rufat Aslanli informed the delegation MONEYVAL that the agenda of reforming the system for combating money laundering and financing of terrorism in accordance with international standards " successfully implemented ." According to him , during this period of the last assessment mission in 2008 , Azerbaijan has an effective regulatory framework , increased institutional capacity, expanded international cooperation in this field.
Chapter assessment mission MONEYVAL John Baker noted that closely monitors the legal and institutional work in the fight against money laundering and terrorist financing. " Particular emphasis in the evaluation mission will be paid to the mechanisms of effective application of the system ," he said.
Note that , despite the low level of development of the securities market , in particular the corporate segment , where there are opaque operations , as well as the presence of a regulatory framework , government control structures (SSC , State Financial Monitoring Service ) never provided the public with information on suspicious transactions .
Under the law, any transaction in securities by the amount of which exceeds 20 000 manats , subject to the provision of the controlling structures. The bulk of transactions in corporate securities in Azerbaijan is carried out exchanges . Contrary to the requirements of legal acts about these transactions hidden from investors and other stakeholders. SCS does not respond to criticism of the press about this.
In 2013, Azerbaijan was concluded 4749 transactions with corporate securities ( stocks and bonds) totaling 1 billion 736.8 million manat. The market growth was 31 %. - 08D-
Economics
-
In 2024, Azerbaijan welcomed 3.523 million passengers from 38 countries via air transportation, reflecting a significant 32.1% increase compared to the previous year. According to the State Tourism Agency, this also marks an expansion in reach, with visitors arriving from three additional countries, an 8.5% rise year-on-year.
-
As Azerbaijan sets an ambitious trajectory for economic growth in 2025, the country is poised to expand its investment portfolio and develop innovative financial instruments. These efforts aim to create a favorable environment for both domestic and international investors, while steering the economy away from oil dependency toward diversified and sustainable growth.
-
In 2025, Azerbaijan will celebrate a series of public holidays and mourning events combining cultural traditions, religious rituals and national commemorations. The calendar, approved by the Cabinet of Ministers, defines significant dates that will provide citizens with the opportunity to honor their heritage, reflect on history, and relax with family and friends.
-
The Armenian government reviewed a draft bill on Thursday, January 9, following a petition that garnered 52,000 signatures—surpassing the required threshold of 50,000. The proposed legislation, which has now been forwarded to parliament, has ignited discussions about Armenia’s potential shift toward European integration.
Leave a review