Azerbaijan, Baku, Dec. 17 / Trend N. Ismayilova /
The Financial Monitoring Service under the Central Bank of Azerbaijan (CBA) has received 1,216 appeals on suspicious transactions and 7,659 appeals for current operations in November, the service said.
In October, the figures hit 1,009 and 7,712 respectively. As of January 2010, the service received only five appeals on suspicious transactions and 343 - on current, as of 2009 - 3 and 231, respectively.
Thus, the data on suspicious transactions accounted for 16 percent of the total volume of received data, and current - 84 percent. The number of appeals sent in 2009-2010 to law enforcement agencies on money laundering and terrorist financing, hit 13. About 12 fall to the information on terrorist financing.
The Financial Monitoring Service must organize a centralized e-information system to collect data and register legal and physical entities. The service has information about their participation in legalizing money and property earned via criminal activity and terrorist financing.
The following will be monitored: credit organizations, insurance and reinsurance companies, professional securities market participants, credit institution leasing services, post office money transfers, pawnshops, investment funds, transactions with precious metals and stones, non-governmental and religious organizations, lottery organizers, and lawyers, accountants, real estate transactions, client money, securities and property, client banking and deposit accounts.