CBA sets audit requirements for payment market participants

The Central Bank of Azerbaijan (CBA) in the accordance with the Law ‘On Payment Services and Payment Systems’ has set a requirement for licensed organisations to undergo an audit from 2025. This was stated by CBA department head Rashad Gasymov at the VIII International Banking Forum in Baku. According to him, participants of the payment market will also have to publicise annual audit reports. Note that currently this requirem...

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