financial institutions

Azerbaijan's Central Bank to Gain AML/CFT Supervision Powers Over Financial Institutions

A draft law discussed in the Milli Majlis would grant the Central Bank of Azerbaijan supervisory authority over financial institutions and groups in the area of anti-money laundering and counter-terrorist financing. Risk reassessments would be triggered by a 40% or greater increase in transaction volume.

CBA Approves Changes to Corporate Governance Standards

The Central Bank of Azerbaijan has approved amendments to corporate governance standards, introducing an independent customer complaint handling function and expanding ethical conduct rules.

Euromoney Names ABB Bank 'Best Bank of the Year'

Global financial magazine Euromoney has named ABB Bank 'Best Bank of the Year' in Azerbaijan. The decision was announced on July 16, 2026 in London at the Awards for Excellence ceremony.