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Azerbaijan reduces its anti-terrorist list

Business Materials 21 October 2016 16:39 (UTC +04:00)
Financial Monitoring Service under Azerbaijan’s Financial Market Supervisory Body has reduced the list of legal and physical persons, who are subject to international sanctions for their support of terrorism
Azerbaijan reduces its anti-terrorist list

Baku, Azerbaijan, Oct. 21

By Anvar Mammadov - Trend:

Financial Monitoring Service under Azerbaijan’s Financial Market Supervisory Body has reduced the list of legal and physical persons, who are subject to international sanctions for their support of terrorism, said the report of Financial Monitoring Service posted on its website.

Citizen of Yemen Nasir al-Wuhayshi, citizen of Libya Hassan Qayed and citizen of the Saudi Arabia Mohamed Abul-Khair have been removed from the list.

These changes were made in accordance with the updated international list of the Sanctions Committee of the UN Security Council against ISIL (Da’esh) and 'Al Qaeda'.

The list is updated in accordance with the UN Security Council's decisions and the information received from regional organizations.

According to an order of the Cabinet of Ministers of Azerbaijan, the international list is approved and updated by the Financial Monitoring body on the recommendation of the Ministry of Foreign Affairs.

The service also makes the approved list available for the monitoring and supervisory bodies. In the case of detection of properties and money belonging to legal entities and individuals specified on the list, these subjects of monitoring and supervisory bodies must inform the Financial Monitoring Service, without performing any operations with these properties and funds.

Financial Monitoring Service was established February 23, 2009.

The monitoring of the service covers activities of credit, insurance and reinsurance organizations, professional participants of the securities market, pawn shops, investment funds, transactions with precious metals and stones and purchase products from them, activities of non-governmental and religious organizations, organizers of lotteries, people providing services of the real estate sales, as well as lawyers, accountants, real estate transactions, client money, securities and property, client bank and deposit accounts.

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