
Azerbaijan's report on the 4th round of combating the legalization of criminally obtained money or other property and the financing of terrorism was heard during the 57th plenary meeting of MONEYVAL.
According to discussions, during the 4th round, Azerbaijan successfully fulfilled the 40+9 Recommendations of FATF, including MONEYVAL's recommendations.
The reforms being carried out in the country in this area were appreciated. The success achieved in improvement of the legal framework and control mechanisms, as well as strengthening of institutional potential were particularly emphasized.
Thus, Azerbaijan’s system for combating the legalization of criminally obtained money and other property and the financing of terrorism was assessed as a system that fully meets the international standards.
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