BAKU, Azerbaijan, September 22. An official of Bank of Baku OJSC has been held administratively liable as part of ongoing supervisory measures by the Central Bank of Azerbaijan (CBA).
According to the information of the CBA, the Bank of Baku official violated the requirements of legislation on combating the legalization of property obtained through criminal means and the financing of terrorism.
In this regard, a decision by the Narimanov District Court of Baku fined the bank official 10,000 manat under Article 598.1.1 of the Code of Administrative Offenses.
According to publicly available information from the State Tax Service on taxpayers, the taxpayer identification number (TIN) of Bank of Baku OJSC is 1700038881. The bank's legal address is 42 Mustafa Kamal Ataturk Avenue, Narimanov district, Baku.
According to the information, the bank's authorized capital amounts to 528.7 million manat. Bank of Baku was registered as a taxpayer on February 1, 2005, while its TIN was issued on June 16, 2004.
Tax registration records list Hasan Guliyev as the bank's legal representative. The bank is registered as an active taxpayer and is registered for VAT purposes. The information also indicates that Bank of Baku OJSC is not classified as a high-risk taxpayer and has no tax debt. The latest extract from the register was issued on July 30, 2026.
Bank of Baku was founded in 1994. It is one of the financial institutions providing retail and corporate banking services in Azerbaijan.
As part of ongoing supervisory measures conducted by the CBA, financial institutions are checked for compliance with legislation, including requirements related to preventing money laundering and the financing of terrorism.
