BAKU, Azerbaijan, June 10. Work is underway to
establish a centralized anti-fraud ecosystem at the national level
in Azerbaijan, Chief Specialist of the Payment Systems and Product
Development Department of the Central Bank of Azerbaijan (CBA),
Elvin Juvarov, said during the second day of “International Finance
and Banking Summit 2026: Global Financial Integration of Turkic
States” in Baku, Trend reports.
According to him, the main goal is to form a centralized
anti-fraud ecosystem at the country level.
"We mentioned this issue last year. Discussions are currently
underway on the implementation of this strategy. It's planned to
form a centralized system and, in parallel, improve the internal
systems of financial institutions. The goal is to ensure
information exchange, establish integration with the centralized
system, and create a unified anti-fraud ecosystem," he noted.
Juvarov highlighted that the process of preparing unified
requirements and control mechanisms in the anti-fraud field is
already underway.
"It's planned to present these mechanisms to the market by the
end of the year. Currently, preparatory work is underway. At the
initial stage, certain control mechanisms and recommendations will
be presented to the market, and at the end, it's planned to form
unified requirements," he added.
The CBA official noted that work is also underway to strengthen
information exchange in the sector.
"A working group has been established for this purpose.
Currently, work is ongoing to further improve information exchange
from a technological perspective and partially automate the
process," he stressed.
Juvarov said that awareness-raising activities are also one of
the priority areas. According to him, the CBA regularly organizes
trainings for students at various universities and educational
institutions.
"Information is provided on types of fraud, methods of combating
fraud, and awareness-raising mechanisms during the trainings," he
pointed out.
