Azerbaijan’s Financial Monitoring Service expands list relating to terrorism support

Azerbaijan’s Financial Monitoring Service expands list relating to terrorism support
16:52 14 Dekabr 2015
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Baku, Azerbaijan, Dec.14

By Anvar Mammadov – Trend:

Financial Monitoring Service under the Central Bank of Azerbaijan (CBA) has added 14 persons to the list of legal and physical persons, who are subject to international sanctions for their support of terrorism, said the report of Financial Monitoring Service posted on its website Dec.14.

Nashwan Abd Al-Razzaq Abd Al-Baqi, Mohammad Tahir Hammid Hussein, Ata Abdoulaziz Rashid, Farhad Kanabi Ahmad, Najmuddin Faraj Ahmad, Muthanna Harith Al-Dari, Ibrahim Awwad Ibrahim Ali Al-Badri Al-Samarrai (citizens of Iraq), Ibrahim Mohamed Khalil, Abu Mohammed Al-Jawlani (citizens of Syria), Muhsin Fadhil Ayed Ashour Al-Fadhli (Kuwait), Akhmed Rajapovich Chataev (Russia), Akram Turki Hishan Al-Mazidih, Ghazy Fezza Hishan Al-Mazidih and Tarkhan Ismailovich Gaziev have been added to the list. There is no data about the citizenship of the three last persons in the list.

Moreover, the Financial Monitoring Service has removed Rafik Mohamad Yousef, a citizen of Iraq, from the list.

This change was made in accordance with the updated international list of the Sanctions Committee of the UN Security Council against “Al Qaeda” and the resolutions No.1267, 1989 and 2161.

The UN Security Council adopted Resolution 1267 (1999) on freezing the financial resources of the Al Qaeda organization and the Taliban movement and the establishment the Taliban/Al Qaeda Sanctions Committee.

Resolution 1373 (2001) states the inadmissibility of financing terrorist activities and the establishment of the Counter-Terrorism Committee that ultimately approved the international list.

This is already the 35th change made to the list in 2015. A number of individuals under international sanctions for supporting terrorism have been previously removed from the list and names of a number of new individuals were added to the list.

The list is updated in accordance with the Security Council's decisions and the information received from regional organizations.

According to an order of the Cabinet of Ministers of Azerbaijan, the international list is approved and updated by the Financial Monitoring body on the recommendation of the Ministry of Foreign Affairs.

The service also makes the approved list available for the monitoring and supervisory bodies. In the case of detection of properties and money belonging to legal entities and individuals specified on the list, these subjects of monitoring and supervisory bodies must inform the Financial Monitoring Service, without performing any operations with these properties and funds.

Financial Monitoring Service under the CBA was established February 23, 2009.

The monitoring of the service covers activities of credit, insurance and reinsurance organizations, professional participants of the securities market, pawn shops, investment funds, transactions with precious metals and stones and purchase products from them, activities of non-governmental and religious organizations, organizers of lotteries, people providing services of the real estate sales, as well as lawyers, accountants, real estate transactions, client money, securities and property, client bank and deposit accounts.

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