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

For the purposes of the relevant provisions, individuals and entities subject to sanctions are those included in the domestic list pursuant to decisions of the courts of the Republic of Azerbaijan and in the international list pursuant to decisions of the United Nations Security Council sanctions committees.

The latest versions of the domestic and international lists have been published on the official website at www.hms.gov.az.

In accordance with the Law “On Targeted Financial Sanctions,” obliged entities must, without prior notice and without delay, freeze the assets of designated individuals and entities, including assets they own or control directly or indirectly, individually or jointly with others, as well as other assets derived from such assets. This requirement also covers the assets of individuals and entities acting on their behalf or at their direction, and the assets of entities they own or control directly or indirectly, individually or jointly with others.

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