LAW OF THE AZERBAIJAN REPUBLIC

of October 12, 2018 No. 1273-VQD

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

Being guided by Items 15 and 20 of part 1 of article 94 of the Constitution of the Azerbaijan Republic, Millie decides Majlis of the Azerbaijan Republic:

Bring in the Law of the Azerbaijan Republic "About counteraction of legalization of the money or other property received in the criminal way 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; 2017, No. 5, Articles 696, 711, No. 7, Article 1295; 2017, No. 11, Article 1959; 2018, No. 7 (book I), Article 1407) following changes:

1. replace in Article 1.0.4 of the word "for financing of preparation, the organization or making of the acts provided in Articles 219-1, 226, of 227, of 277, of 278, of 279, of 280, by 282 and 283-1, person or group (gang, the organization), or providing for the purpose of making of the specified crimes of person or the group (gang, the organization) created for this purpose" with the words "financing of preparation, the organization or making of the acts provided in Articles 219-1, 219-2, 226, of 227, 227-1, 270-1, 277, of 278, of 279, of 280, 282 and 283, by person or group (gang, the organization) or the terrorist or terrorist group (gang, the organization)".

2. Consider Article 4. 0, 4.0.1 - 4.0.7, 4.0.9, 4.0.12 for Articles respectively 4. 1, 4.1.1 - 4.1.7, 4.1.9, 4.1.12 and to add Article 4.2 of the following content:

"4.2. Persons involved in crime cannot own considerable share in participants of monitoring or to be beneficial owner of such share, and also to perform managerial functions in participants of monitoring, including to hold positions in board, the supervisory board or committee on audit.".

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