CBA Fines Financial Institutions Over AZN 640,000 for AML/CFT Violations

18:55 - 12.06.2026

June 12, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has imposed strict financial penalties on financial market participants for failing to comply with Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regulations.

According to ABC.AZ, citing the regulatory brief, comprehensive compliance audits resulted in aggregate fines of AZN 644,000 under Article 598 of the Code of Administrative Offences.

The sanctioned entities include:

  • 3 commercial banks;

  • 9 non-bank credit institutions (NBCOs);

  • 4 payment organizations and 3 electronic money institutions;

  • 1 currency exchange bureau;

  • 1 investment company;

  • "Azerpost" LLC.

To mitigate operational vulnerabilities, the CBA concurrently rolled out structured training programs addressing internal control framework deficiencies, card transaction vectors, and customer due diligence (CDD) protocols across the financial sector.