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Financial monitoring service to launch in Azerbaijan

Business Materials 24 February 2009 18:40 (UTC +04:00)

Azerbaijan, Baku, Feb. 24 / Trend , U.Ismayilova/

Azerbaijani President Ilham Aliyev signed a decree to implement the Law on Combating Money Laundering and Financing Terrorism, the AzerTag news agency reported.

Under the decree, the National Bank of Azerbaijan (NBA) was commissioned to form a financial monitoring service to pursue the state policy of preventing money laundering and financing terrorism.

The NBA was commissioned to develop a project draft to submit to the president.

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