Financial institutions and other reporting entities in Azerbaijan notified the Financial Monitoring Service about 1,197 transactions considered suspicious in 2025, a 53.7% increase from the previous year.
Banks submitted the largest share of the reports, with 999 cases, or 51.8% more than in 2024, according to data cited in a Vesti Baku report.
Electronic money institutions reported 106 transactions, notaries submitted 65 notices and investment companies reported 10. Nonbank credit organizations accounted for eight reports, while payment institutions submitted five.
Monitoring Network Expands
The number of individuals and organizations registered in the monitoring system reached 2,677, an annual increase of 68%. The total included 1,359 accountants and tax consultants, 488 legal-service providers and 202 real estate agents.
The rise in reports does not by itself prove an increase in financial crime. It may reflect a broader reporting network and more active detection of transactions. Authorized agencies are responsible for the final legal assessment of each case.
The Financial Monitoring Service coordinates Azerbaijan’s efforts to combat money laundering and the financing of terrorism.