Azerbaijan stops illegal fundraising in occupied territories

Economy 23:27 06.07.2019

Financial Market Supervisory Authority of Azerbaijan (FIMSA) prevented attempts to raise funds illegally and provide services to banks in the occupied territories of Azerbaijan, Trend reports referring to FIMSA.

"FIMSA has revealed the facts of servicing payment cards operating under brands of international payment systems. In addition, website of the so-called Ministry of Finance of the separatist "Nagorno-Karabakh Republic" (NKR), established in the occupied territories of Azerbaijan, was raising money. This violates both the sovereignty of Azerbaijan, international legal norms, and the requirements of international card systems," FIMSA stated.

According to the FIMSA statement, these facts mean a violation of the sovereignty and territorial integrity of Azerbaijan, the norms of international law, the creation of favorable conditions for money laundering and financing of terrorism, as well as non-compliance with the requirements established by international payment systems.

In this regard, FIMSA specialists held a meeting with representatives of Visa Inc. and MasterCard Worldwide and brought to their attention the need for an immediate cessation of the provision of services in the occupied territories using payment cards with the brands of these organizations.

As a result of the taken measures and joint activities, collection of material assistance through payment cards of international brands as well as the acceptance of these payment cards by ATM networks of some banks in the occupied territories were stopped on the website of the so-called Ministry of Finance of the separatist 'NKR'.

As part of the settlement and control in payment systems, FIMSA closely monitors the implementation of measures, as well as the activities of payment cards of international brands offered by banks operating in the occupied territories of Azerbaijan.

Read more: Economic cooperation to increase between China and Azerbaijan

IEPF issued a statement regarding Azerbaijani children at the UN Human Rights Council

News line

Russian foreign minister to pay 3-day visit to North Korea
16:30 09.07.2025
President Aliyev Arrives in UAE for Official Meetings
16:15 09.07.2025
MFA: Allegations by Iranian ambassador on Khankendi Communiqué are unacceptable
16:00 09.07.2025
Date for PKK disarmament in northern Iraq revealed
15:45 09.07.2025
Turkish foreign, defense ministers hold talks in Pakistan
15:30 09.07.2025
Bridge collapse kills 9 in India's Gujarat state
15:15 09.07.2025
Azerbaijani, UAE presidents to meet in Abu Dhabi
15:00 09.07.2025
Latest Red Sea attack on Greek ship kills four crew, wounds two
14:45 09.07.2025
Death toll in Kenya from anti-government protests rises to 31
14:30 09.07.2025
Tunisian court sentences opposition leader to 14 years in prison
14:15 09.07.2025
South Korean defense minister nominee calls for restoration of inter-Korean military pact
14:00 09.07.2025
Father to Bury Son, Three Decades After 1995 Srebrenica Genocide
13:45 09.07.2025
Tashir Group of Companies: Searches in office of Electric Networks of Armenia CJSC politically motivated
13:30 09.07.2025
20 Individuals Still Missing Following Landslip at China–Nepal Border Port
13:15 09.07.2025
Kazakhstan, China agree to contribute to Middle Corridor dev’t
13:15 09.07.2025
Massive Russian Drone–Missile Blitz Strikes Ukraine—Air Defenses Scramble
13:00 09.07.2025
Iran Orders Millions of Afghans to Leave by July 6 or Risk Arrest
12:45 09.07.2025
Tomorrow in Abu Dhabi: Aliyev and Pashinyan Hold Crucial Peace Process Talks
12:30 09.07.2025
Heavy rainfall hits SW China, 5 missing in Sichuan
12:15 09.07.2025
U.S. Detaining Individuals from Three Continents at Guantanamo Immigration Facilities
12:00 09.07.2025
Israel eliminates Hamas commander in Lebanon — IDF
11:45 09.07.2025
South Korea sends 6 rescued North Koreans back across sea border
11:30 09.07.2025
US condemns Houthi attacks on cargo ships in Red Sea
11:15 09.07.2025
Trump says he considers agreeing to more sanctions on Russia
11:00 09.07.2025
Today is a Day of Diplomacy in Azerbaijan
10:45 09.07.2025
Mexico probes former president for allegedly taking millions in bribes from Israeli businessmen
10:30 09.07.2025
Trump, Israel’s Netanyahu meet for a second time about a ceasefire in Gaza
10:15 09.07.2025
Death toll surpasses 100, at least 160 missing in Texas
10:00 09.07.2025
Mediators move closer to securing Israel-Hamas ceasefire in Gaza
09:45 09.07.2025
FBI launches probes into former FBI, CIA directors
09:30 09.07.2025
Trump's envoy says US 'hopeful' 60-day Gaza ceasefire agreed upon 'by end of this week'
09:15 09.07.2025
Azerbaijan hosts official reception at Gulustan Palace on occasion of professional holiday of diplomats
09:00 09.07.2025
Organisation of Turkic States, TURKPA congratulate Azerbaijani diplomats on professional holiday
08:45 09.07.2025
Rubio: US waiting for signing of Azerbaijan-Armenia peace treaty
08:30 09.07.2025
Russia charges former deputy defense minister with fraud, illegal arms trafficking
20:45 08.07.2025
Far-right Israeli ministers call to block Gaza aid, enforce starvation, halt ceasefire talks
20:30 08.07.2025
Ukraine appeals to OPCW to investigate possible use of chemical weapons by Russia
20:00 08.07.2025
Minister: Slovenia considers Azerbaijan key partner in green transition
19:45 08.07.2025
Ukrainian forces push back and hold ground in Russian regions, army chief says
19:30 08.07.2025
Tajikistan, Kyrgyzstan open new border crossing point
19:15 08.07.2025
Hamısı