BAKU, Azerbaijan, June 12. Fines totaling
644,000 manat ($379,000) were imposed in the financial sector for
violations related to anti-money laundering and counter-terrorist
financing (AML/CFT) in Azerbaijan last year.


This was announced in the report by the Central Bank of
Azerbaijan (CBA).


The report says that the Ministry of Finance has implemented
significant measures in the field of AML/CFT.


According to the CBA information,during the reporting year,
inspections were conducted at financial institutions to assess
compliance with the requirements of AML/CFT Law as part of
supervisory activities.


The information noted that these inspections play an important
role in ensuring the transparency of the financial system,
monitoring compliance with legislation, and preventing criminal
risks.







"During 2025, fines totaling 644,000 manat were imposed under
Article 598 of the Code of Administrative Offenses on 3 banks, 9
non-bank credit organizations, 4 payment institutions, 3 electronic
money institutions, 1 currency exchange office, 1 investment
company, and Azerpost. These measures are important for ensuring
compliance with legal requirements in the financial sector and
preventing similar violations in the future," the report
explained.


Moreover, the information pointed out that based on the 2025
training plan prepared taking into account the sectoral risks and
weaknesses identified by the Central Bank in the field of AML/CFT,
trainings were held to increase the level of awareness of financial
institutions on regulatory requirements and areas of abuse in
practice.


"The trainings were for banks and national postal operators - on
shortcomings in the implementation of the internal control program,
abuse of real estate for the purpose of legalization, typologies of
suspicious cases, risks and control mechanisms for card
transactions, as well as risks arising during electronic fund
transfer operations, for non-bank financial institutions - on the
application of customer compliance measures, institutional risk
assessment, AML/CFT legislation, and for all financial institutions
- on the topic of trust in third parties," added the report