Regulatory Alerts2026-06-03
Professional certification framework for the financial sector approved
The Central Bank of Azerbaijan has approved the "Guidelines on the Organization of the Professional Certification Process in the Financial Sector and the Administration of Examinations" to establish uniform professional standards and strengthen financial stability. The framework mandates that financial institution employees, starting with second-line-of-defense risk management staff, complete role-specific examination modules to verify their alignment with internal control and risk management systems. Certified personnel will be required to participate in continuous professional development, while exemptions are granted for those holding relevant international certifications, with free, indefinite certificates issued starting by the end of 2026.