AML/CFT
Combating legalization of criminally obtained property and the financing of terrorism
- The Republic of Azerbaijan is implementing many reforms in the direction of forming and developing the system of combating legalization of criminally obtained property and the financing of terrorism (AML/CFT).
- Accordingly, performing any activities related to the legalization of criminally obtained property and the financing of terrorism are not allowed in Bank of Baku OJSC. Customer due diligence measures in the framework of AML/CFT, submission of information and reports, conducting trainings and other events about AML/CFT, as well as, requirement about them are determined based on Bank’s AML/CFT rule and other internal rules (methodology).