MONEYVAL anti-money laundering warning for Azerbaijan

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The Cyprus Securities & Exchange Commission has forward a public statement of the Committee of Experts of the Council of Europe on the Evaluation of Anti-Money Laundering and the Financing of Terrorism (MONEYVAL), regarding the deficiencies in the anti-money laundering and combating the financing of terrorism regime in Azerbaijan.
Therefore, Cyprus Investment Firms have been requested to pay special attention by applying enhanced due diligence to transactions with persons from Azerbaijan.