Baku, Azerbaijan, Mar. 27
By Anvar Mammadov - Trend:
Financial Monitoring Service of Azerbaijan’s Financial Market Supervisory Authority has reduced the list of persons subject to international sanctions for their support of terrorism, said a report of the service posted on its website.
Saudi Arabian citizen Fahd Muhammad Al-Khashiban has been removed from the list.
This is the 7th change made to the list in 2017. 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 Service based on the information received from the country’s 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 in the list, the monitoring and supervisory bodies must inform the Financial Monitoring Service of Azerbaijan without performing any operations with these properties and funds.
The Financial Monitoring Service of Azerbaijan was established Feb. 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, as well as purchase of products from them.
The monitoring of the service also covers 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.