LAW OF THE AZERBAIJAN REPUBLIC

of April 14, 2017 No. 588-VQD

About introduction of amendments to the Law of the Azerbaijan Republic "About counteraction of legalization of the money received in the criminal way or other property and to terrorism financing"

Being guided by Items 15 and 20 of part I of article 94 of the Constitution of the Azerbaijan Republic, Millie decides Majlis of the Azerbaijan Republic:

In the Law of the Azerbaijan Republic "About counteraction of legalization of the money received in the criminal way or other property and to terrorism financing" (Collection of the legislation of the Azerbaijan Republic, 2009, No. 2, Article 58; 2010, No. 3, Article 178, No. 4, Article 276; 2011, No. 12, Article 1104; 2013, No. 11, Article 1274; 2014, No. 2, Article 81, No. 10, Article 1159, No. 11, Article 1361; 2015, No. 11, Article 1294; 2016, No. 3, Article 413) to make the following changes:

1. In Article 11.4-1 of the word "the participants of monitoring and other persons participating in monitoring,… immediate … assets of persons, the stipulated in Article 7.2.5 these Laws without preventions of these persons" shall be replaced with words "all physical persons or legal entities, including participants of monitoring and the other persons participating in monitoring and also government institutions … immediate … assets, the stipulated in Article 11-1.1 presents of the Law, without preventions of persons specified in article 7.2.5 of this Law".

2. In Article 11-1.4 after words to "legal entities" to add with words ", or to government institutions".

3. In article 19-1.1 of figure "7.2.5" to replace with figures "11.4-1".

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