Unofficial transfer (c) Soyuzpravoinform LLC
of December 30, 2022 No. 782-VIQ
About target financial sanctions
This Law according to Items 15 and 20 of part I of article 94 of the Constitution of the Azerbaijan Republic determines the legal basis and procedure for application of target financial sanctions for the purpose of prevention of terrorism, financing of terrorism, distribution of weapons of mass destruction and financing of distribution of weapons of mass destruction according to relevant resolutions of the Security Council of the United Nations.
1.1. The concepts used for the purposes of this Law have the following values:
1.1.1. the physical persons and structures which are subject to application of the sanction - physical persons and structures to which it is necessary to apply the sanction within fight against terrorism and terrorism financing, distribution and financing of distribution of weapons of mass destruction based on the legislation and international treaties which the Azerbaijan Republic, and also resolutions of the Security Council of the United Nations which list is determined by the body (structure) determined by relevant organ of the executive authority joined;
1.1.2. target financial sanctions - the prohibitions directed to prevention of extraction by direct or indirect way by the physical persons and structures which are subject to application of the sanction, benefit from assets, or measure of freezing of assets of the specified physical persons and structures;
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