Regulator: Azerbaijan Mail has not risks associated with money laundering
Baku, Fineko/abc.az. Regulator in the name of the Ministry of Communications and Information Technology (MCIT) believes that Azerbaijan Mail (Azərpoçt Ltd), national postal operator, has no risks associated with money laundering.
Novruz Mammadov, head of the Postal Department and deputy chief of the Azərpoçt Department of State Company Activity Coordination, says that money transfers via the Azərpoçt system are made in small amounts and there is not a serious danger of legalization of illegal cash income.
"At the same time, there are legal requirements and regulations of the Financial Monitoring Service under the Central Bank of Azerbaijan, which Azərpoçt strictly observes," Mammadov said.
Since 2010 Azərpoçt has been rendering limited financial and banking services, including money transfers.
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