Pursuant to Article 5.2 of the Law of the Republic of Azerbaijan “On Targeted Financial Sanctions,” the international list has been updated in accordance with the decision of the United Nations Security Council ISIL (Da’esh) and Al-Qaida Sanctions Committee dated 16 January 2023.

Persons and entities subject to sanctions include those added to the domestic list based on decisions of the courts of the Republic of Azerbaijan and to the international list based on decisions of the United Nations Security Council sanctions committees.

The latest versions of the domestic and international lists are available on the official website of the Targeted Financial Sanctions Information System: www.hms.gov.az.

In accordance with the Law “On Targeted Financial Sanctions,” obliged entities must freeze, without delay and without prior notice to the relevant persons, the assets of designated individuals and entities, including assets owned or controlled directly or indirectly, individually or jointly, as well as other assets derived from such assets. This obligation also applies to assets of individuals and entities acting on their behalf or at their direction, and entities owned or controlled by them, directly or indirectly, individually or jointly.

Obliged entities must immediately report such freezing measures to the State Security Service and the Financial Monitoring Service via www.hms.gov.az.