12:39 - 23.05.2025

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May 23, Fineko/abc.az. In Azerbaijan, some taxpayers and legal entities resort to financial crimes through non-commercial transactions.

ABC.AZ informs that deputy head of the State Tax Service (under the Ministry of Economy) Samira Musayeva stated about this at an international scientific & practical conference in Baku on the topic "The role, tasks and responsibilities of regulatory authorities in the fight against the legalization of criminally acquired property and the financing of terrorism".

"Sometimes there are cases when there is no real economic activity, and the cash flow is disguised as "business operations", that is, speech is about so-called non-trading operations. These schemes include cashing out, embezzlement, tax evasion, and money laundering. In such cases, the collected data is transferred to law enforcement agencies," she said.

Musayeva also stressed that the tax authorities also perform investigative functions: "We are working from business registration to tax audits and investigations of signs of crimes."

She added that specialized financial monitoring and investigation units have recently been established in the structure of the tax service. This is aimed both at strengthening internal control and at developing international cooperation. A centralized financial monitoring structure has been in operation for more than two years, and a financial investigation department has been established in the investigative department.