In Azerbaijan, the organizer of casino games will have to implement customer due diligence measures in a manner that will allow each financial transaction carried out by the customer in the casino to be linked to the information and documents obtained about them within the framework of those measures.
Report informs that in this regard, amendments are proposed to the bill on combating the legalization of property acquired through crime and the financing of terrorism.
The relevant draft was submitted for discussion at today's meeting of the Milli Majlis Committee for Law Policy and State-Building.
According to the document, in this case, transactions related to casino games conducted in casinos using only chips or tokens will not be considered financial transactions.
In addition, the requirements of Article 4.8 of this bill shall apply to the organizer and operator of casino games when the customer carries out financial transactions in the amount of 3,000 manats ($1,760) or more. This article provides for the identification of the beneficial owner of a foreign legal entity and verification of identification data.