In the Financial Monitoring Service ( FMS ) under the Central Bank of Azerbaijan in December 2012 they received 41,100 information items on suspicious and current transactions, which is 22 % more than the previous month.
According to the service, during the past year they received 352,596 calls. Compared to January-December 2012 the figure rose by 92.73 thousand units , or 35.7 percent.
Financial Monitoring Service operates since 2009 and is the body which carries out government policy in the field of combating money laundering and terrorist financing. - 15B -
Economics
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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