LAW OF THE AZERBAIJAN REPUBLIC

of October 20, 2015 No. 1401-IVQD

About introduction of amendments to the Law of the Azerbaijan Republic "About counteraction of legalization of the money received in the criminal way or other property and to terrorism financing"

Being guided by Items 15 and 20 of part I of article 94 of the Constitution of the Azerbaijan Republic, Millie decides Majlis of the Azerbaijan Republic:

In the Law of the Azerbaijan Republic "About counteraction of legalization of the money received in the criminal way or other property and to terrorism financing" (Collection of the legislation of the Azerbaijan Republic, 2009, No. 2, Article 58; 2010, No. 3, Article 178, No. 4, Article 276; 2011, No. 12, Article 1104; 2013, No. 11, Article 1274; 2014, No. 2, Article 81, No. 10, Article 1159, No. 11, Article 1361) to make the following changes:

1. At the end of Article 1.0.14 to replace point with semicolon, to add with Articles 1.0. 15, 1.0.16 and 1.0.17 following of content:

"1.0.15. assets - irrespective of acquisition method, any kinds of material and non-material property, personal or real estate, mailings, bank loans, letters of credit, travel checks, bank checks, bonds, bills of exchange, shares and other securities, and also the legal documents or statements which are drawn up in electronic or any other form and the confirmatory rights to such assets;

1.0.16. freezing of assets - prohibition on conversion, transfer of assets, the order them or carrying out with them financial transactions in any form or other transactions, leading to scope change, the amounts, places, nature, purpose of assets and property rights and ownership concerning these assets;

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