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Azerbaijani financial monitoring service changes list on sanctions on supporting of terrorism

Business Materials 16 October 2010 17:14 (UTC +04:00)

Azerbaijan, Baku, Oct. 16 /Trend, N.Ismayilova/

The UN Security Council has made changes to the international list of the Committee on sanctions against Al Qaeda and the Taliban under resolutions 1237 and 1373, due to which the Financial Monitoring Service of the Central Bank of Azerbaijan has made the appropriate changes to the list of legal and physical entities under the regime of international sanctions for supporting terrorism, the Service reported Saturday.
According to the information, the names of new legal and physical entities were added to the list, names of several legal and physical entities have been removed, and the information regarding some of them was clarified. 

In 1999, the UN Security Council adopted resolution 1267 (1999) to freeze the financial assets of Al-Qaeda and the Taliban and establish the Committee on Sanctions against Al-Qaeda and the Taliban. Resolution 1373 (2001) states the inadmissibility of the financing of terrorist activities and the establishment of the Counter-Terrorism Committee, within which an international list was approved.

According to the order by the Cabinet of Ministers of Azerbaijan, the international list is approved and updated by the Financial Monitoring Service, based on representations of the country's Foreign Ministry.

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