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Azerbaijan appointed evaluating country on progress report of Moldaviaâ€™s activity in PL/TMM sphere

05 October 2010 09:42 (UTC +04:00)

CBA says the decision about this was adopted in the 33rd plenary meeting of Council of Europe Money Laundering and the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) on September 27-October 1.

Azerbaijan was represented by CBAâ€™s delegation including the leadership of Financial Monitoring Service at the meeting. MONEYVAL discussed the report on the fulfillment condition of recommendation about the development of systems against financing of terrorism and legalization of property or means coming from crime at the plenary meeting. Azerbaijan presented its achievements in PL/TMM sphere, including the improvement of legislation, institutional development, implementation of legislation by the monitoring participants other relevant issues.

Official discussions were held between Azerbaijani delegation and MONEYVAL Bureau members during the meeting. As the result, a decision was adopted that Azerbaijan did not need to be attracted to MONEYVALâ€™s Special Monitoring Regime.

At the same time Azerbaijan was appointed evaluating country on the progress report of Moldaviaâ€™s activity in PL/TMM sphere.

After MONEYVALâ€™s meeting Azerbaijani delegation attended the meeting of Eurasian Group of Review on the frame work of FATF and ICRG on October 1, 2010. The report made by the FATF and ICRG Evaluation Mission during the visit Azerbaijan on September 7-8, was discussed at the meeting.