The Central Bank of Azerbaijan (CBA) has imposed strict restrictions on the operations of Paysis LLC. According to the regulator’s decision, the company must temporarily suspend all payment services carried out under its license. The only exception to this ban is the processing of refunds for citizens’ funds.
The stringent measure comes as a result of investigations conducted by law enforcement agencies. According to the Anti-Corruption Department under the Prosecutor General’s Office, Paysis LLC and its management are accused of organizing illegal gambling and other unlawful activities through online platforms. The collected materials have already been submitted to the Baku Serious Crimes Court for review.
The Central Bank stated that the company’s operations will remain frozen until a final court decision is issued. This action was taken in accordance with Article 63.1 of the “Law on Payment Services and Payment Systems.”
