The Financial Monitoring Service (FMS) at the Central Bank of Azerbaijan in 2011-2013 received 829,501 data items on suspicious and current operations.
According to the annual report for the last year 52% of the submitted information concerned the operations of individuals, 48% - legal entities. By the end of 2012, the figures were 54% and 46%. The Service has information on operations carried out in 12 currencies, among which leads AZN (83.2% of the operations) followed by the United States Dollar - 14.7% and the euro - 1.6%, while other currencies account for 0.5%.
The report emphasizes the "dominance" (63% of the data) of major operations in the amount of from 20,000 to 100,000 manat. In the past year there was considered suspicious information on 603 operations (0.2% of all operations), totaling 113.9 million manat. Turnover on high-risk operations in the past year amounted to 230.1 million manat.
The Financial Monitoring Service was established in Azerbaijan in 2009 and is the central body in the fight against the financing of terrorism and laundering of "dirty money". --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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