Azerbaijani Central Bank Weighs Financial Sanctions
Date
10/1/2024 5:13:33 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 1. Financial
sanctions totaling 135,609 manat ($79,770) were applied in
Azerbaijan during the first half of this year, Executive Director
of the Central bank of Azerbaijan (CBA) Shahin Mahmudzade said at a
presentation of the financial stability report for the first half
of 2024 in Baku today, Trend reports.
"During the reporting period, 18 inspections were carried out,
and 47 control measures were enacted in the financial sector.
Financial sanctions amounting to 135,609 manat were imposed due to
identified violations.
Furthermore, stringent actions were implemented against 37
entities, encompassing the revocation of licenses, suspension of
activities, or the imposition of operational restrictions," he
emphasized.
Will be updated
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