(MENAFN- AzerNews) By trend
Azerbaijan is establishing new measures against terrorist
financing, trend reports.
In this regard, the bill 'On Targeted Financial Sanctions' was
submitted to the Parliament for discussion on December 16.
According to the document, the list of individuals and
institutions that could be sanctioned as part of efforts to combat
terrorist financing and the financing of proliferation of weapons
of mass destruction is based on the legislation and international
treaties of Azerbaijan, as well as the corresponding resolutions of
the UN Security Council by the body (structure), defined by the
relevant executive authority.
Targeted financial sanctions envisage asset freezing and
prohibitions to prevent funds or other financial assets from being
made available for individuals and legal entities subject to
sanctions.
Following parliamentary discussions, the bill was put to the
vote and adopted in the first reading.
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