Regulatory Alerts2024-01-26
Statute on a Single Information System for Currency Operations
The Central Bank of the Republic of Azerbaijan issued this statute to establish a unified, real-time information system for currency control covering all resident and non-resident foreign exchange transactions. It mandates banks, foreign bank branches, the national postal operator, and licensed currency exchanges to submit comprehensive transaction data electronically within specified timeframes. The system operates free of charge, ensures 24/7 availability and data security through enhanced electronic signatures, and defines the rights and obligations of system owners, users, participants, and customers.
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