Breaches of rules for providing info on currency transactions to be fined


November 29, Fineko/ Azerbaijan imposes penalties for violating the rules for providing data on currency transactions to single information system.

ABC.AZ reports that this was reflected in the draft amendment to the Code of Administrative Offences, discussed at today's Milli Majlis meeting.

According to the draft, for failure to submit or for improper submission to the single information system in accordance with the Law on Currency Regulation the information on currency transactions conducted by currency control agents, officials are fined from 1,500 to 2,000 manats, and for legal entities – from 10,000 to 12,000 manats.

The bill was put to the vote and adopted in the 1st reading.