The Central Bank's supervision will apply not only to individual financial institutions, but also to financial groups to which they belong. Banker.az reports that this is reflected in the proposed amendment to the law "On the Central Bank of the Republic of Azerbaijan", which will be discussed at the session of the Milli Majlis on October 16. According to the draft, Article 48-1 (On Prevention of Legalization of Property Obtained by Crime and Fi…
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