12:01 - 17.09.2026

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September 17, Fineko/abc.az. The draft amendments to the Law on the Central Bank has been discussed in the Milli Majlis Committee on Economic Policy, Industry & Entrepreneurship.

According to the document prepared on the basis of the recommendations of the Financial Action Task Force on Money Laundering (FATF) within the report of the Committee of Experts of the Council of Europe on the Assessment of Measures to Combat Money Laundering and the Financing of Terrorism (MONEYVAL) on the 5th round of assessment, the Central Bank of Azerbaijan will carry out consolidated supervision covering the entire group, not only for individual financial institutions, but also for their constituent financial groups.

These rules will cover banks, life insurance companies, reinsurers, insurance intermediaries, investment companies and funds, as well as representative offices of foreign funds.

The project will periodically assess the risk profiles of financial institutions in relation to the legalization of criminally acquired property and the financing of terrorism.