BAKU, Azerbaijan, February 17. The Coordinating
Council, established following the Decree of the Azerbaijani
Cabinet of Ministers No. 404 of October 21, 2020, held a regular
meeting to ensure preparations for the fifth round of the
evaluation by the Committee of Experts of the Council of Europe on
the Evaluation of Anti-Money Laundering Measures and the Financing
of Terrorism (MONEYVAL), as well as to discuss other issues,
Trend
reports.
While delivering a welcome speech, Deputy Prime Minister of
Azerbaijan Ali Ahmadov updated on anti-money laundering and
counter-terrorist financing (AML/CFT) measures implemented as of
today, a national risk assessment, adopting new laws in the
relevant field, and also on matters to be addressed in the final
preparation stages for the fifth round of the evaluation
process.
Then Chairman of the Executive Board of the Financial Monitoring
Service of Azerbaijan Zaur Fatizada spoke of the work that has been
done so far. He informed the meeting participants about
organizational work regarding the visit of the MONEYVAL assessment
mission to Azerbaijan, from March 1 to March 15, 2023.
The Coordinating Council’s meeting participants also briefed on
the implementation of the Action Plan of the Council, approved on
June 23, 2022, and exchanged views on relevant matters.
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