The Central Bank of Azerbaijan (CBA) requires banks to analyse customers' transactions and set limits to prevent risky transfers, including those linked to illegal gambling. CBA Executive Director Shahin Mahmudzade said the regulator sets general requirements, while specific limits are determined by each bank's own risk assessment and checked during supervisory inspections. Exceeding a limit does not automatically make a transaction illegal; a bank may review it and decide after the customer explains the transaction. Mahmudzade argued that the benefits to society, including protecting families from serious financial problems caused by illegal gambling, outweigh the inconvenience to customers. Banks must also continuously monitor transactions and promptly act on suspicious activity.
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