ECONOMY


Financial Market Control Chamber set up in Azerbaijan

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Baku, February 3, AZERTAC

President of Azerbaijan Ilham Aliyev has signed a decree establishing Financial Market Control Chamber public legal entity.

Under the presidential decree, the Chamber is empowered to regulate, license and control the securities market, investment funds, insurance and credit institutions (banks, non-bank credit institutions, postal operators), payment systems.

The Chamber will also be responsible for improving the system of control over the prevention of money laundering and terrorism financing.

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