11:00 - 5.11.2024

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 November 5, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has fined officials of two non-bank credit organizations, ABC.AZ reports, referring to the CBA.

As part of a thematic audit conducted to assess NBCOs’ compliance with legislation on combating money laundering and terrorist financing, an official of Azinvestkredit LLC was fined 3,000 manats by a decision of the Baku Court of Appeal for violating Articles 598.1.1 and 598.1.2 of the Code of Administrative Offenses, and an official of Para OJSC was fined 2,000 manats by a decision of the Nasimi District Court of Baku for violating Article 598.1.2 of the Code.