The anti-terrorism sanctions list of the committees Taliban and Al Qaeda of the Security Council of the United Nations has been updated. The last updates were on 23, 27 and 31 March, respectively. The list, which includes people suspected of having links to the terrorist organizations mentioned, has been extended to the local banking system by the Financial Monitoring Service under the Central Bank of Azerbaijan.
As stated in the document, in accordance with the national legislation and the international standards, the list includes domestic and international options. The latest version of the list has been posted on the website of the Service http://www.fiu.az/aze/umumi-siyahi and sent to interested organizations, as well as to the monitoring participants.
In accordance with the law "On combating money and property laundering from crime and financing terrorism," financial market participants, when detecting money or property of the individuals and entities specified in the list, shall undertake not to perform operations on them and shall provide information on that to the Financial Monitoring Service. --17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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