MONEYVAL carries out evaluation visit to Azerbaijan

As part of the mutual evaluation of Azerbaijan, a team of evaluators from the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) carried out an on-site visit to Azerbaijan March 1-15, 2023, Report informs referring to the Council of Europe website.

The assessment team is composed of MONEYVAL experts with legal, financial and law enforcement experience, assisted by members of the MONEYVAL Secretariat.

The purpose of this mutual evaluation is to assess the country’s technical compliance and effective implementation of the international anti-money laundering and combating the financing of terrorism (AML/CFT) standards, in accordance with the 2013 Financial Action Task Force (FATF) methodology.

The assessment team met with representatives of the private sector (including banks, management companies, tax advisors, auditors, notaries etc.) and representatives of non-profit organizations.

The report is scheduled for discussion and adoption at the 66th plenary meeting of MONEYVAL in December 2023.