Ethics & Compliance

At AZIP, ethics and compliance is something much more than a routine box ticking exercise for the purposes of filing annual reports. We take these issues seriously, and take a proactive approach to compliance. We mobilize all our resources to abide by the requirements of applicable laws and regulations, including labor laws, workplace regulations, laws on combating corruption and money laundering, and regulations on information security. At the same time, we strive to achieve the highest degree of integrity, fairness and professionalism in all aspects of our work and interactions with clients, peers and the general public.

In all our dealings, we comply with the requirements of the Law of the Republic of Azerbaijan on Combating Corruption as well as other relevant legislative acts. Further, due to the growing number of international clients in our portfolio, we are committed to observe, in addition to national legal acts of Azerbaijan, the best recommended international standards, such as OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, OECD Recommendation for Further Combating Bribery of Foreign Public Officials in International Business Transactions.

Further, we are also committed to the fight against money laundering and financing of terrorism and abide by all national and international legal acts such as the Law of the Republic of Azerbaijan on the Prevention of the Legalization of Criminally Obtained Funds or Other Property and the Financing of Terrorism, The United Nations Convention against Corruption, EU Directives on the topic and other standards and tools such as Financial Action Task Force (FATF) recommendations.