A three-day scoping mission aiming to collect information for the preparation of a risk assessment methodology for the banking sector and preparing sector-specific guidelines for the application of risk-based procedures was organised within the framework of the PGG project “Strengthening the Anti-Money Laundering in Azerbaijan”.
The international expert conducting the scoping mission met with representatives of the Financial Markets Supervisory Authority, Financial Monitoring Service, Central Bank and Azerbaijan Banks Association, as well as the representatives of 18 commercial banks in order to assess the present situation concerning exposure to various types of ML/TF risks in Azerbaijan. The goal of the exercise is to ensure Azerbaijan’s compliance with international recommendations regarding the application of the risk-based approach and proposing actions to mitigate risks effectively.
Annual Reports
Activities annually
