General information

The Group is involved in discussing the compliance with the requirements of Anti-money laundering and compliance legislation of Azerbaijan Republic, the demands of the international conventions that acceded by the country, recommendations of Financial Action Task Force (FATF), Basel Committee principles on Banking Supervision and requirements of Financial Monitoring Service under the Central Bank of the Republic of Azerbaijan and members exchange experience in this field. They discuss the improvement and unification of internal control system of banks; review the opportunities to form a regime that excludes the possibilities of financing the terrorism and legalization of criminally gained money and other properties; but also review the ways how to cooperate in this field.

PERIOD