The Central Bank has conducted checks on the laundering of dirty money at the Baku branch of Bank National Iran.
"APA-Economics" reports that it was said by ECB Chairman Taleh Kazemov at a press conference on determining the parameters of the Central Bank's interest rate lobby.
He said that some flaws had been detected and that restrictions had been applied to some services:
"Some flaws have been found on our part. Some operations have been restricted accordingly. The bank is not meant to close, the Bank meets regulatory requirements, does not pose a risk to the financial sector. After removing some of the defects that have been exposed, he can continue to work."
It has been noted that the inspection was primarily about the stigmatization of criminal money and the application of Azerbaijani law.