BAKU, Azerbaijan, December 25. The violators of the legislation on payment services and payment systems in Azerbaijan will be fined 7,000 manat or $4,117, Trend reports.
President Ilham Aliyev signed a decree on amendments to certain laws of the Republic of Azerbaijan in connection with the implementation of Law No. 987-VIQ "On payment services and payment systems" dated July 14, 2023.
According to the amendment, a new article 439-2 (violation of legislation on payment services and payment systems) was added to the Code of Administrative Offenses.
The full text of the decree can be viewed via the link.
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