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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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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