The Central Bank of Azerbaijan has fined three officials of non-banking credit organisations. This is reported on the CBA website.
The report says that the fines were imposed due to violation of legislation on combating money laundering and financing terrorism within the framework of a comprehensive inspection conducted by the organisation.
Thus, in accordance with Articles 598.1.1, 598.1.2, 598.1.6 of the Code, ‘Azpul’ NBCO and its official received AZN 50,000 and AZN 10,000 respectively by decision of the Narimanov district court of Baku city;
According to Articles 598.1.1 and 598.1.2 of the Code, the official of ‘Azinvestkedit’ NCO received AZN 3 thousand by decision of Baku Court of Appeal;
According to Article 598.1.2 of the Code only, an official of ‘Para’ NBCO was fined AZN 2,000 by the decision of the Nasimi district court of Baku city.
Finance
-
Chairman of the Central Bank of Azerbaijan Taleh Kazimov held a regular meeting with senior executives of the banks that are members of the expanded presidium of the ‘Association of Banks of Azerbaijan’. This was reported by the CBA chairman.
-
Executive director of the State Oil Fund (SOFAZ) Israfil Mammadov has been elected deputy chairman of the board of the International Sovereign Fund Forum.This is reported by the Fund.
-
‘Pasha Insurance’ company has won, in line with the compulsory insurance, the purchase of real estate of the Institute of Information Technologies of the National Academy of Sciences of Azerbaijan. This is reported on the single Internet portal of public procurement.
-
'Pashabank's subsidiary in Georgia ('Pashabank Georgia') has released its financial results for January-September 2024. For 9 months the subsidiary bank made a profit of $6.2 million, or AZN 3.8 million (the same period of the last year the bank finished with a loss of GEL 1.1 million, or AZN 0.7 million).
Leave a review