BY INFORMATION SECTION
The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism - MONEYVAL (a permanent monitoring body of the Council of Europe) welcomed the system of Azerbaijan to combat the financing of terrorism and money laundering, Azeri Daily reports with reference to the Monitoring Committee of Azerbaijan.
According to the information, at the 57th plenary meeting of MONEYVAL, Azerbaijan’s report on the fourth assessment round in the field of combating money laundering and other property obtained by criminal means, as well as combating the financing of terrorism was heard.
In the decision, adopted in accordance with the results of the discussions, it was noted that Azerbaijan had successfully implemented the recommendations of the 40+9 Group for the development of financial measures for struggle of the OECD, including the recommendations of MONEYVAL coming from them. The reforms of Azerbaijan in this field were highly appreciated. The successes of Azerbaijan in strengthening institutional capacity, improving the legal framework and control mechanism were particularly noted.
Thus, the system of Azerbaijan to combat the legalisation of money and other property obtained by criminal means, as well as the fight against the financing of terrorism was found to be fully compliant with all international standards.