Bank Of Baku

MONEYVAL Evaluation Mission to visit Azerbaijan, in May

MONEYVAL Evaluation Mission to visit Azerbaijan, in May
# 17 February 2011 11:23 (UTC +04:00)
Baku. Ali Ahmedov – APA-Economics. Illegal incomes in combating against black money laundering must be confiscated and those persons must be brought to responsibility, said Mr John Ringguth, Executive Secretary to MONEYVAL.

According to him, the legislation on laundering of black money in Azerbaijan corresponds to requirements and standards of MONEYVAL and FATF organizations.

HE also noted that, each country must provide the effective implementation of legislation base after establishment of it: “This means that, Illegal incomes in combating against black money laundering must be confiscated and those persons must be brought to responsibility”.
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THE OPERATION IS BEING PERFORMED